Quote:
Originally Posted by villagetinker
Some articles I saw recently indicated prices were holding steady (nationally), which I cannot believe. I think there was an article recently that we were doing better. I am waiting for the next shoe to drop, the high (very high) unemployment and the associated secondary effects. There have been several articles indicting we are in (or will be very shortly) a recession.
So here is what I think, if you are buying for profit you should probably wait to see what happens, if you are buying for enjoyment, life is too short, go for it.
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Yeah, thinking about a large recession is what's weighing on our minds.
Although this will be our last home and that will make us one of those frog couples we met when renting have told us about, it might also be an opportunity to invest when the markets are substantially down.
Which has us also thinking about taking out a partial mortgage instead of paying all cash, given the interest rates are so low and the extra money could then go into stocks as a bonus for the kids when that time comes.
Anyway, I appreciate your thoughts.