Viewing a single comment thread. View all comments

1234nameuser t1_j5tdt6n wrote

Reply to comment by silasmoeckel in The inventory of houses suck by KindaEgotistical

Even if rents are up 1000/mo above normal (they're not) that's still just 12k/yr. Everyone expects New England to fall around 10% in 2 years time.

Even with a $300k home that means it's better to rent at excessive prices for 3yrs in order to buy once prices / interest rates have aligned.

Date the rate, marry the house. Inventory is what matters most though to ensure a good purchase and there's simply not enough around to bother.

0

BubbaKushFFXIV t1_j5tfy56 wrote

Where are you getting an apartment for $1000/mo?

5

1234nameuser t1_j5tgm36 wrote

rent + $1000

Reference to that even if rents are escalated right now, they're still no worse than buying a house at current inventory levels.

0

silasmoeckel t1_j5tl0pv wrote

Sure, they want to start a family the realy means they need to figure out where they are living for the next 5 years at least to get a good preschool lined up.

Paying a premium on the house price is not a huge issue it's step one to starting a family and putting down roots. All that matters is that you can pay your monthly today stop thinking of it as an investment. Figure it's the 13 years of your kids schooling.

The uncertainty of apartments so you hopefully save a bit in a few years on the house price is not worth putting off starting a family.

2

Warpedme t1_j5tgiuh wrote

Lol at a rent for only $1000 a month. I can't even find a tiny one bedroom for under $2000 that isn't a complete shithole.

1