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SVTPerformance's Chain of Restaurants
Road Side Pub
I just can’t convince myself to buy a house.
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<blockquote data-quote="Blk04L" data-source="post: 16198217" data-attributes="member: 48574"><p>You're not truly locked in for 20-30 years.</p><p>Unless the market tanks, you can list it and move on.</p><p></p><p>IMO now isn't the best time to buy to get a decent return, at least in my area. Used prices has sort of stagnated. People are still buying, but it seems like since mid 2018 the prices have stopped increasing.</p><p></p><p>I bought in 15, sold at the end of 18. End of the day, the money in my pocket was around 72k after realtor fees. Bought the house for 253k.</p><p>Not a bad gain, and it was brand new and didn't dump 10's of thousands into it.</p><p>Did some upgrades like fence, screen, minor landscaping etc.</p><p></p><p>It's obviously a risk, so just need to make sure work is doing well and you got a good rainy day fund incase something needs to be fixed asap.</p><p></p><p>don't rush and settle.</p></blockquote><p></p>
[QUOTE="Blk04L, post: 16198217, member: 48574"] You're not truly locked in for 20-30 years. Unless the market tanks, you can list it and move on. IMO now isn't the best time to buy to get a decent return, at least in my area. Used prices has sort of stagnated. People are still buying, but it seems like since mid 2018 the prices have stopped increasing. I bought in 15, sold at the end of 18. End of the day, the money in my pocket was around 72k after realtor fees. Bought the house for 253k. Not a bad gain, and it was brand new and didn't dump 10's of thousands into it. Did some upgrades like fence, screen, minor landscaping etc. It's obviously a risk, so just need to make sure work is doing well and you got a good rainy day fund incase something needs to be fixed asap. don't rush and settle. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
I just can’t convince myself to buy a house.
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