Quote:
Originally Posted by stadry
if the prices are rising at that rate, evidently many homes are overpriced at the time of listing as there're many price reductions daily on zillow.
if i were giving advice, it'd be buy now & rent. tax advantages are still good & your foot's in the door.
you also get a couple yrs to watch / evaluate mgmnt's direction & value offered for tv lifestyle.
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I would second this advice, and that has been our strategy as well, with a fully paid house in New England, which is worth more than the mortgage in tv, we invested as a rental for now.
The other mistake to make is to assume that the house, in which you live, is considered an investment. Your house is not an investment, regardless of what marketing and sales will tell you. A house is an illiquid asset, but not an investment, unless you are renting it out collecting income
Sorry, But Your Home Isn't an 'Investment' - The Simple Dollar
The word investment is used in a lot of different contexts and can mean a lot of different things. But from a purely financial perspective, this definition from the Merriam-Webster dictionary works well: “the outlay of money usually for income or profit.”
so from a cost to the purchaser point of view, house prices are currently rising faster than product inflation and with the expectation of slightly higher inflation, prices are predicted/expected to continue to rise at the current rate at a minimum
sports guy