I live fairly cheaply (and have for the last few years). I have about something like 200 grand in liquid equity and I want to buy a home. But the housing market right now is insane. It's a seller's market. Like times 100. And I don't see any reason to pay a 20% premium on a home that's $800K when I know it's only worth about 6.
Do you folks feel the same way? Is it really a seller's market or are these prices the new normal? I really hate renting. It's like throwing money into the furnace. But I'm not paying an arm & a leg in rent. I can afford to wait it out a while and stockpile more cash. What would you guys do?
Submitted July 04, 2018 at 11:29PM by narkflint https://ift.tt/2KJ5JK4
