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Originally Posted by Aramis13
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Hard to argue the points it makes. Though it is a bifurcated pickle. For first timers, waiting my still be wise. For investors, still good buying as many are paying cash or at least putting a lot down. Investors see the Austin area as THE place to be still.
I do agree that eventually something is bound to happen. I know a few millennials were shocked,
shocked I say, to learn a stock market could go down and hard in the 2008-2009 time frame. However, we are nowhere near the double digit interest rates of the late 70's to early 80's either. I will point out that the 08-09 debacle didn't matter one whit to me. I wasn't selling and already had a decent interest rate. Sit tight was right - as the joint has more than tripled in value since and I was able to refinance along the way to an even lower rate. I would love to tell you it was skill, but I just got lucky is closer to the truth.
My opinion is still, be realistic and assess your actual needs. If you decide to purchase one of the biggest investment that you will own, be ready for what the current market is offering.
As the article mentions, Austin is #2, so we just have to try harder
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