Housing Market Dilemma: Buy or Wait? - Page 2 - Toyota GR86, 86, FR-S and Subaru BRZ Forum & Owners Community

Kiske · 11-11-2015, 12:08 AM

I'm trying to figure this out myself. The benefits at the moment all seem like wants and not needs. However with the ammount I'm paying for rent it may take another 2-3 years to afford a home vs putting the rent towards a house payment.

Irace86 · 11-11-2015, 12:49 AM

@DAEMANO that makes sense. Thanks. But why doesnt local government build or give a low interest loan for builders to build. The demand is there. Seems smart.

@Kiske thats how I feel too. Probably going to have to put buying off and hope this bubble burst. We arent interested in kids so we could do with a condo but would prefer a small 1300-1500 sq-ft 2+1.5 house for my girl's garden and my three car garage. Nothing lavish. Problem is most small homes are old and are also more expensive. New homes are bigger and because of that are too expensive. Condos are not plentiful enough nor do they meet those needs but they may have to do for lack of options.

DAEMANO · 11-11-2015, 01:18 AM

Quote:

Originally Posted by Irace86

@DAEMANO that makes sense. Thanks. But why doesnt local government build or give a low interest loan for builders to build. The demand is there. Seems smart.

This new bubble is about 5 years in. Investors are making a killing and banks are clearing foreclosure inventory at full cost or more. The public problems this is causing are just starting to materialize. It'll take a few years of public grief for public policies to begin to change. Local government solutions (or even state solutions) will take some time. Unfortunately, we're talking big ships here that turn rather slowly.

Captain Snooze · 11-11-2015, 01:26 AM

Quote:

Originally Posted by Irace86

and hope this bubble burst.

If we could predict the future we would all be rich.

mav1178 · 11-12-2015, 10:56 PM

Quote:

Originally Posted by Irace86

I'm at a place in my life where I could afford a home

This is your solution right now. If you can afford a home, you can buy it and should buy it if you want to control rent prices.

Just keep in mind that home ownership also involves a financial lifestyle change.

-alex

Teseo · 11-13-2015, 08:08 PM

I heard Alaska is cheap

wbradley · 11-13-2015, 08:44 PM

Move to Detroit

11-11-2015, 12:08 AM	#15
Kiske Senior Member Join Date: Jun 2013 Drives: RX-7 / BRZ Location: USA Posts: 2,343 Thanks: 1,026 Thanked 2,501 Times in 1,081 Posts Mentioned: 27 Post(s) Tagged: 0 Thread(s)	I'm trying to figure this out myself. The benefits at the moment all seem like wants and not needs. However with the ammount I'm paying for rent it may take another 2-3 years to afford a home vs putting the rent towards a house payment. __________________ //2013 World Rally Blue BRZ Limited FBM Turbo--gone //2018 Crystal White Pearl BRZ Ts 2.2l Harrop Supercharged

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11-13-2015, 08:08 PM	#20
Teseo Senior Member Join Date: Jun 2014 Drives: frs Location: Gunsai Posts: 4,877 Thanks: 7,146 Thanked 2,922 Times in 1,769 Posts Mentioned: 23 Post(s) Tagged: 2 Thread(s)	I heard Alaska is cheap

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