All Forum Posts by: Truong Vu

I did not care about the interest rate much because I am thinking banking is like a leech sucking up your hard earn money. My goal not let bank taken the least of my money as possible. I prefer to pay off the loan ASAP. But I also think medium income and current house price is unsustainable. The housing market seem to me like a ponsi. People saving is record low, it is lower than 2009. And house price keep going up. People income did not go up as much as inflation detroyed.  The pumper are trying to lure the last FOMO to enter the remaining stage of the game. I said that because I make mistake in 2009 of buy real estate. I invested with friends so the lost some money but it is enough for me to scare about this game. Do you think my thought is rational or am I too pestimistic about housing market?  Thank you so much for any feed back. 

I would like a feedback on should I buy a home now or wait for opportunity. I am able to make 50% down payment but i wont have much financial available for at least 1 years emergency fund if something went wrong. I dont want to tap on my 401K because that is set for retirement, period!!!. I must have another vehicle due to my current vehicle is due to replace. I try to keep it up as long as I can so I can save more money for a new or decent used car. I dont know what happen in the future. I prefered two or three more years that I can work and save money to buy a house ( $300k) and car (30k) with cash. I am living with my parent and they dont hesitate but I am desire to move out cause I had family and son; and want some privatecy. In the area where I want to purchase; house is in the $400K for OK house, nice one is $500K in orlando Fl area. What should I need to do? Wait or looking for a house to move out now? I am really wandering for months and even years about this.