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Updated almost 6 years ago on . Most recent reply
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Buyer's Market Soon?
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?
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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.