I'm starting a new thread.. HORT, lets find me a house to buy

[Hans81]

Have thought about it as rates will go down but is giving money away by renting for two more years worth it?

If Kamala is elected, I wouldn’t count on rates going down. 😉

 

[BrianNole777]

Man, you guys are living the dream.

You can buy a house for $250K??

A townhouse near Washington D.C. where I live is $700K...

 

[artradley]

Man, you guys are living the dream.

You can buy a house for $250K??

A townhouse near Washington D.C. where I live is $700K...

Hell, there is a townhouse section in our HOA in East Bumphuque Delaware, and they go for $500k.

 

[BrianNole777]

Hell, there is a townhouse section in our HOA in East Bumphuque Delaware, and they go for $500k.

Houses are overpriced, overall. IMO.

 

[artradley]

Houses are overpriced, overall. IMO.

My son and his fiancé live in Alexandria and are trying to figure out where they can get within commuting distance of DC and somehow buy a house. With 6.5% interest rates and these prices, I have no idea how they will do it.

 

[BrianNole777]

My son and his fiancé live in Alexandria and are trying to figure out where they can get within commuting distance of DC and somehow buy a house. With 6.5% interest rates and these prices, I have no idea how they will do it.

Do you ever go to the Delaware Bay?

I'm going there next weekend. Near Lewes to visit a relative.

 

[herk90]

I'd wait 1-2 years to buy

No. Buy now when the market is a bit soft. When interest rates go down house prices will increase again. This is a great time to buy and then refinance down the road.