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Updated almost 6 years ago on . Most recent reply

User Stats

20
Posts
11
Votes
Hayes Mercure
  • Atlanta, GA
11
Votes |
20
Posts

Buyer's Market Soon?

Hayes Mercure
  • Atlanta, GA
Posted

I heard on NPR yesterday that a buyer's market is on the horizon. Just curious if there's any validity to this statement? I know it's good for investors, if so, but to go off-topic for second...my wife and I are about to purchase our first home for us personally, so it scares me that we could be buying RIGHT before the market turns. 

Any thoughts on this? 

Most Popular Reply

User Stats

49
Posts
50
Votes
Travis DeForge
  • Rental Property Investor
  • Wiesbaden, Germany
50
Votes |
49
Posts
Travis DeForge
  • Rental Property Investor
  • Wiesbaden, Germany
Replied

Remember, you only lose money when the market turns IF you sell. If it's your personal house and you intend to live their for a while then there is a high likely hood you will see a cycle in the market where prices go up and prices go down. But you have the luxury of deciding when to sell.

Just buy within your means (don't have 50% of your income going to the mortgage or something crazy) and you will be okay.

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