If you’re mindset is “I’m going to wait for prices to come down before I start” Let me share a little insight. 2017: $150,000 2024: $260,000 Same house, different market. And if you’re saying “well I’ll wait for rates to come back down” It’s going to be even worse. Prices will do one of one things…. 📈
@meetmikehiggins Every market is different. This is my market today, and why I'm choosing to rent for the first time in a decade: x.com/realmatt_re/st…
@meetmikehiggins Every market is different. This is my market today, and why I'm choosing to rent for the first time in a decade: x.com/realmatt_re/st…
@realmatt_re When you anticipate yourself purchasing?
@meetmikehiggins When the math makes sense, which will probably be some blended combination of increase in distressed sales, decrease in prop prices, and decrease in the low risk yield I can earn on the invested down payment.
@realmatt_re @meetmikehiggins This is baffling. You approach a basic finance problem with a logical math based approach. I came here hoping someone would tell me renting is pissing money away.
@realmatt_re @meetmikehiggins Good call. Make sure you throw the difference in the market or not fair comparison, but bet a low load index would win with down payment and difference deposited each month. No annual tax for investing or fixing broken things.