Lee Duna@lemmy.nz to News@lemmy.worldEnglish · 11 months agoPending home sales drop to a record low, even worse than during the financial crisiswww.cnbc.comexternal-linkmessage-square34fedilinkarrow-up1145arrow-down12
arrow-up1143arrow-down1external-linkPending home sales drop to a record low, even worse than during the financial crisiswww.cnbc.comLee Duna@lemmy.nz to News@lemmy.worldEnglish · 11 months agomessage-square34fedilink
minus-squareNegativeLookBehind@kbin.sociallinkfedilinkarrow-up10arrow-down1·11 months agoSo, buy now and have high interest rates, or wait til they drop and have to compete with dozens of other people, and pay 10-20k above asking?
minus-squarezeekaran@sopuli.xyzlinkfedilinkEnglisharrow-up10·11 months agoPaying above asking will cost a lot less than an extra 4% over 30 years.
minus-squareNegativeLookBehind@kbin.sociallinkfedilinkarrow-up3·11 months agoWhat if you just refinance when the rate drops
minus-squaredeegeese@sopuli.xyzlinkfedilinkarrow-up3arrow-down1·11 months agoOverbidding at the start of a run up in prices is a lot less risky than overbidding at the top of the cycle. Unfortunately it’s hard to tell where you are except in hindsight.
minus-squareCows Look Like Maps@sh.itjust.workslinkfedilinkarrow-up3arrow-down2·11 months agoNice burrito bro
minus-squareNegativeLookBehind@kbin.sociallinkfedilinkarrow-up2arrow-down1·11 months agoThank you so much
minus-squareFlying Squid@lemmy.worldlinkfedilinkarrow-up3arrow-down2·11 months agoThe latter. I can’t house hunt if I can’t afford to house hunt.
So, buy now and have high interest rates, or wait til they drop and have to compete with dozens of other people, and pay 10-20k above asking?
Paying above asking will cost a lot less than an extra 4% over 30 years.
What if you just refinance when the rate drops
Overbidding at the start of a run up in prices is a lot less risky than overbidding at the top of the cycle.
Unfortunately it’s hard to tell where you are except in hindsight.
Nice burrito bro
Thank you so much
The latter. I can’t house hunt if I can’t afford to house hunt.