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re: The math for buying a home no longer works, per WSJ

Posted on 12/20/23 at 9:14 am to
Posted by Jcorye1
Tom Brady = GoAT
Member since Dec 2007
71629 posts
Posted on 12/20/23 at 9:14 am to
quote:

Don't buy houses you can't afford


Agreed

quote:

that are over priced


I mean that's all houses anywhere remotely nice to live right now. I bought 6 months ago because I was sick and tired of waiting for a crash that isn't going to happen. Maybe my house will dip 10% of it's worth at some point, but I was sick of renting and not having roots anywhere.
Posted by nola tiger lsu
Member since Nov 2007
5367 posts
Posted on 12/20/23 at 10:32 am to
quote:

I was sick of renting


The basis for many bad home buying decisions. Enjoy being underwater, high interest, paying 3x for the house all while probably living in a worse neighborhood and spending more on repairs than if you just waited it out.
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