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Updated over 4 years ago on . Most recent reply

User Stats

112
Posts
126
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Ross Bowman
  • Investor
  • Charleston, SC
126
Votes |
112
Posts

Is it crazy to buy a primary right now?

Ross Bowman
  • Investor
  • Charleston, SC
Posted

My wife and I are new investors who only own a couple doors.

We currently rent and had planned to buy a primary residence during this time. Covid obviously changed all that and the combination of an insane sellers-market, record low interest rates, and serious economic uncertainty has me second guessing it. 

Should we just keep renting until after the election/winter and then re-assess? Everything's overpriced and I already hate the idea of buying a liability just to live in.

Note: actively searching for house hacks (LTR or STR) but struggling to find promising deals there too.

Opinions on this?

Most Popular Reply

User Stats

17,492
Posts
30,197
Votes
Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
30,197
Votes |
17,492
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Russell Brazil
  • Real Estate Agent
  • Washington, D.C.
ModeratorReplied

If you think its overpriced now, what do you think its going to be like after all this government printed money keeps finding its way into the market over the next year, two, ten?

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