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For US folks, is right now a good time to buy a house? (self.asklemmy)

submitted 2 days ago by Suck_on_my_Presence to c/asklemmy

61 comments fedilink hide all child comments

Since the election I've kinda buried my head in the sand to try and stay sane, so I'm not sure what projections are looking like for the real estate market. Unfortunately I need to move pretty ASAP and I'm having the worst luck with rentals.

So, anyone have any advice or an idea of the outlook in the next few months?

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[–] Maggoty 11 points 1 day ago

Since 2008 the best time to buy has been when you have the money and find something appropriate. It's no different now. Millennials have been hoping for a housing crash they could take advantage of for 16 years and it hasn't materialized. Prices just keep going up and historical evidence suggests that will continue until another crash at an indeterminate point in the future. Trying to time that point is only going to leave you as a permanent renter.