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martin ↑
@martin
now is objectively a bad time to buy a house right? or is there a thoughtful, non-boomer case for still investing in real estate?
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Michael Gingras (lilfrog)
@frog
the reddit advice is the best time to buy a house is when you want to buy and can afford one. Trying to play the market never seems to work (coming from someone who cannot afford a house in the town I want live in and don't want to move to the burbs... so I haven't really spent much serious thought behind this)
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fabioseva.⌐◨-◨
@fabioseva
I was about to buy an apartment 10y ago in the big city for the same price of building a large house in the satellite town. Decided to build the house and live my dream earlier. Had kids, a dog, pool, everything. It was perfect for the cycle and turned out to be a great investment. Put it up for rent and now I live in half the size apartment in a different country If you have the cash, and dream with the place, just live the cycle
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matt ↑ ᖽ
@blueish
Buying a house is as much consumption as investment. You’re buying the life you want for you/your family. Hopefully it is a good investment and obv not a catastrophic loss but barring that the cash in/cash out is more complex than it appears, there are so many costs/fees/taxes.. If you can afford the monthly payments it’s not a bad time to get in - prices are high but IMO rates are keeping them lower than they would be so if you can get in and refi later it could work out well. This is all US-specific and obv NFI/dyor
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Vinay Vasanji
@vinayvasanji.eth
Some insight here (buying with mortgage, bad; buying cash, jury is still out) https://warpcast.com/vinayvasanji.eth/0xdaf5cd8a
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