good time to buy a house?

[Mr Mirchi]

1 hour ago, ennnna chata said:

If job is stable buy now , if this is done prices will sky rocket as the lows are tested and US economy is in strong state before this mess ... but if something worst happens and stays like this for 6 months prices may go down by 10–15% my guess .. I am not an expert 

Sollu edho cheppi chivariki not expert anesav.. 15% down annapoude nuvvu thuss ani telisindhi haha

[Mr Mirchi]

6 minutes ago, Sonu_Patel said:

Not a good time to buy.. The current prices for Properties will go down atleast by 40% by end of the year and beginning next year. 

you might get individual house for your budget rather than buying a townhouse..

Keep the cash and wait for the right time to enter. 

This is very true

[Simple123]

20 minutes ago, Sonu_Patel said:

Not a good time to buy.. The current prices for Properties will go down atleast by 40% by end of the year and beginning next year. 

you might get individual house for your budget rather than buying a townhouse..

Keep the cash and wait for the right time to enter. 

Trust me , it would never come down to 40%.  I will buy sweets for you if it comes down 40%.  

what you are saying is $500k home will come down to $300k.   Do you know how much material and labor costs to build it ?

 

[2020]

1 minute ago, Simple123 said:

Trust me , it would never come down to 40%.  I will buy sweets for you if it comes down 40%.  

 

 

what you are saying is $500k home will come down to $300k.   Do you know how much material and labor costs to build it ?

 

I agree with you...last time recession what I saw was max 20% decrease in house prices 

[Sonu_Patel]

2 minutes ago, Simple123 said:

Trust me , it would never come down to 40%.  I will buy sweets for you if it comes down 40%.  

 

 

what you are saying is $500k home will come down to $300k.   Do you know how much material and labor costs to build it ?

 

Yes bro.. my brother is real estate agent. I did not believe it either. He showed me property prices during the 2009-2011 and compared againt the prices in 2006-2007. 

chala areas lo 40% varaku down ochae.. Also depends on supply and demand. 

[sam1234]

31 minutes ago, Sonu_Patel said:

Yes bro.. my brother is real estate agent. I did not believe it either. He showed me property prices during the 2009-2011 and compared againt the prices in 2006-2007. 

chala areas lo 40% varaku down ochae.. Also depends on supply and demand. 

True, in Florida, they were 50% down.

[NextGen]

Wait and watch the market till year end. Peragatam ithe elago jaragadu ipudu unna situation lo.... taggithe you can get some sweet deal.

[Peddayana]

lot of articles telling there will be. a 30% drop in market , If you have GC and FT then I guess its not a big issue , eh okati aithe kastame risky 

[Nope_nope]

2 hours ago, Abhagyudu said:

Job is ok for now. Worst case scenario lo I can move back to my previous client in another state. Dallas lo house ayithe even if I move out rent ki evachu kada ani alochistunna..vache rent tho monthly payments manage cheyachu anukuntunna...don't know if this works or not.

Bro, Dallas lo many new apartments being built.. nuvvu house ki rent ki Stan andehi koncham alochinchuko.. are you in green card and full time ? Then you have unlimited options. But again many apartments for rent in Dallas arae

[nijamena]

Situation is tricky now. Unemployment numbers are growing exponentially. Markets are in unpredictable.

 

Companies like Microsoft are in hiring freeze from this month. 

 

Companies are not selling anything now. Our team used to see three or four clients going live every week. This time it is not happening. In all hands, they have revised the targets. 

 

It may be pretty bad or it may stay as is. If I were you, I will hold on to cash. 

 

Some analysts are predicting dowjones go down to 15k. If this happens, invest money there you can buy home in cash. Just my two cents