Are houses still a good investment in the US?
not unless you will live within 1 days travel of that house without using a car or plane
>>62038366I would be living in the house. This is a rent for cheaper and invest the extra VS buy a house to live in for more money discussion
>>62038362For me it was, I just bought a house and sold my condo. But I love in a major city
>>62038370The breakeven on a 30 year fixed is currently around 14 years. If you don't plan on living there 14 years you may be better off renting
>>62038362no, wait until 2028. houses will tank in the majority of US markets
>>62038380the thing is it's not a decision you should make for financial reasons. it's almost always a poor financial outcome relative to renting and investing the money instead of spending it on home ownership. you buy a home for the lifestyle.
>>62038405No chance, there is barely any new construction in most markets, 50% of home owners have >50% equity, majority of mortgages are at less than 3%, historically low foreclosure rates.tl;dr supply will increase and demand will only go up as the population goes up and outpaces housing availability even more
>>62038412*supply will not increase
>>62038362Location matters a lot, same for insurance costs. Stay away from flood or disaster prone areas and urban youth and youll be ok>>bought house for 115, did 30k in repairs over a couple years, mortgage is 800 a month
>>62038405>two more years
>house supply is actually decreasing relative to population>demand is increasingWe're fucked.
>>62038409Not sure that's true. Depends on your local marketI currently pay $1300 per month to live in a town where rent starts at $3k. Also my house has consistently earned more money than I do every year for the last 15 years.It really depends where you live
House always has been, marxism has spoken.
>>62038362No live with your parents until they die.
>>62041834They live with me.
I inherited a 12.5 acre farm with a house its small like a trailer but actually a home, with a trailer on the property thats thrashed but has hookups, I'm asking for 150k and everyone in the area wants insane fucking prices for their homes yet Im getting no offers.
