re: In the market for a house...

quote:

---

I think buying on hopes of wage increase is very very risky. If you factor in wage increases you have to factor in unemployment and layoffs

---

And the fact that housing price increases have outpaced wage growth for years now.

It would help OP to calculate a hard upper limit on how much house they can afford at current wages. Also, if you're serious about buying soon, get pre-approved for your loan amount (pre-approvals are usually good for 60-90 days.)

The consensus in this thread is that the upper limit is probably around $350k. Keep looking, have app/email notifications on for your search criteria (size/price/acreage/rooms), and if you see something that looks like it's right, schedule a showing ASAP (as in same day if possible). Don't pass on something you like because rates might fall.