Is now a great time to buy a house?

Real Estate is always a great investment! go out and buy yourself a place you can call home!

There’s never really a bad time to buy if the alternative is renting. You may say that you should have purchased one 6-7 years ago, but buying, even when the market is crummy, is better than throwing away money on rent.

Just be smart about your neighborhood.

Yes if you don't overpay. I just bought a second one last week.

jamin wrote:

Stock market has been rocketting the past 2 years while house prices have slowly declined

Nows a great time to buy one of these. Then find a great house to put it in. Or vice versa.

Lenny Leonard wrote:

There’s never really a bad time to buy if the alternative is renting. You may say that you should have purchased one 6-7 years ago, but buying, even when the market is crummy, is better than throwing away money on rent.

Just be smart about your neighborhood.

lol....wut? It's never a bad time to go into massive debt on an non-liquid asset that costs money to hold and can depreciate hundreds of thousands of dollars.

Yes, there are bad times to buy a house.

jamin wrote:

Stock market has been rocketting the past 2 years while house prices have slowly declined

Home prices are higher than ever. A small decline for one month may be caused by many factors including a lack of suitable inventory and a greater ability of low income earners to purchase homes which would lower the average price.

The economy is going to be artificially inflated until after the election which will ultimately expand the bubble. I just heard a credit union ad on the radio asking people to borrow $10,000 for Christmas presents.

My prediction is a pretty substantial downturn in 2021 and that will affect the housing market.

I really don`t recommend to buy a house now ........sooner or later now the big dip in world economy will come. Invest your money smart in safe returns of investments instead and wait for the dip to come and prepare to be ready for the hausse to come back again , then buy your house to a much lower price.

The only rocketing you need now is the DANCAN-system to change your running and way of training and that way run sub or come close to 14 min at 5 k.

- Merry Christmas - - J.S - :)

if trump thinks he is in danger of not getting a second term his economic and trade policies will become even more chaotic and short sighted. I expect a slowdown in 12 months, large scale economic devastation in 24. Housing will drop 20-30%

lol, wut? wrote:

lol....wut? It's never a bad time to go into massive debt on an non-liquid asset that costs money to hold and can depreciate hundreds of thousands of dollars.

What's bad about a decline in the theoretical price you could sell your house for in a given year? All that means is you pay less in property taxes and insurance.

If you're still renting and plan on stating in greater Seattle, go ahead and buy. Do not buy to attempt to speculate on over priced real estate. The U.S. economy is actually weak. Feds like to list number of people hired publicly. When U.S. equities are doing well, politicians like to point that out. U.S. equities does not mean the economy is growing quickly. U.S. economy will have less than 3% annual g.d.p. growth, 2019. That's weak. Over 3 1/2% annual g.d.p. growth is solid. Four to five percent annual g.d.p. growth is good. This is a sugar high on borrowed money. U.S. is running huge budge deficits for no good reason. U.S. is not in a war. U.S. is not in a recession. Those are the two times when intentionally running huge budget deficits has a logical reason. U.S. is running huge budget deficits so The Big Orange Fella can make his multi-millionaire and billionaire buddies happy with their top tier tax cuts. Go ahead and buy a house but don't over pay. If I recall, you rent. You will have more maintenance costs on a house than you ever imagined but it is better to own than rent.

You, me, and Hardloper should buy a place.

jamin wrote:

lol, wut? wrote:

lol....wut? It's never a bad time to go into massive debt on an non-liquid asset that costs money to hold and can depreciate hundreds of thousands of dollars.

What's bad about a decline in the theoretical price you could sell your house for in a given year? All that means is you pay less in property taxes and insurance.

Well some of us exercise actual agency in our lives and like to make changes we don't like a place or our job rather than sit around in the same city and complain about it over and over and over again.

Also, in the event of another housing crash, we'll likely experience another economic downturn and an increased risk of people losing their jobs. That locked in house payment doesn't look so good when you suddenly want to move for economic reasons and you can't sell your house.

Yes, buying a house usually turns out to be a sound investment, but saying it's always a good idea is ludicrous.

Coach J.S., I'm going for 5k PRs in late Jan and early Feb. Too late to hop on the DANCAN train?

jamin wrote:

Coach J.S., I'm going for 5k PRs in late Jan and early Feb. Too late to hop on the DANCAN train?

JAMIN FOR THE LOVE OF GOD PLEASE DON"T FUÇKING DO IT!!!

JS IS A FRAUD! HE ONLY TALKS ABOUT HIS ACCOMPLISHMENTS AND REFUSES TO BELIEVE THAT HE HAS EVER DONE ANYTHING WRONG!

YOU ARE BETTER THAN HIM!!!

It's a bad time for you.

Lenny Leonard wrote:

There’s never really a bad time to buy if the alternative is renting. You may say that you should have purchased one 6-7 years ago, but buying, even when the market is crummy, is better than throwing away money on rent.

Just be smart about your neighborhood.

In certain markets it actually makes more sense to rent than buy.

NOOOOOJAMIN DONT DO IT wrote:

jamin wrote:

Coach J.S., I'm going for 5k PRs in late Jan and early Feb. Too late to hop on the DANCAN train?

JAMIN FOR THE LOVE OF GOD PLEASE DON"T FUÇKING DO IT!!!

JS IS A FRAUD! HE ONLY TALKS ABOUT HIS ACCOMPLISHMENTS AND REFUSES TO BELIEVE THAT HE HAS EVER DONE ANYTHING WRONG!

YOU ARE BETTER THAN HIM!!!

Most reading would lead you to believe Coach JS could be a fraud, or at best, claiming better results than he should. BUT HAVE YOU SEEN JAMIN’S TRAINING ON STRAVA?

If Coach JS is a real coach (even if he’s a bad coach) Jamin will be better off with the advice (assuming he actually manages to follow the training, which is improbable).

Load of folks trash talking renting compared to buying, but housing prices haven’t been declining everywhere. In some areas it’s been a seller’s market for years. Where I live (low cost of living and low rent but high home prices), if I buy anything comparable to what I rent my monthly housing cost would increase by at least 35%. The low cost of living makes working at a slightly lower salary a better long term economic situation than working in the closest major city. Sure, my rent isn’t gaining me any home equity, but saving that 35%+ housing cost and investing it for any return yields a much better ROI. And I have the freedom to leave any month I choose if I take a higher paying job somewhere else.

Frat Gerfinkell wrote:

NOOOOOJAMIN DONT DO IT wrote:

JAMIN FOR THE LOVE OF GOD PLEASE DON"T FUÇKING DO IT!!!

JS IS A FRAUD! HE ONLY TALKS ABOUT HIS ACCOMPLISHMENTS AND REFUSES TO BELIEVE THAT HE HAS EVER DONE ANYTHING WRONG!

YOU ARE BETTER THAN HIM!!!

Most reading would lead you to believe Coach JS could be a fraud, or at best, claiming better results than he should. BUT HAVE YOU SEEN JAMIN’S TRAINING ON STRAVA?

If Coach JS is a real coach (even if he’s a bad coach) Jamin will be better off with the advice (assuming he actually manages to follow the training, which is improbable).

What's wrong with his training on strava?