Interesting. For work reasons?

Yeah

You bought a home, right?

No, I didn't. I got talked out of it

I want a house very badly, but I should wait

Hmmm

Staying in Florida?

Yeah

Still Central

I'm so tired of paying what equals a monthly mortgage payment in rent.

For sure

Me too

But, most analysts say we're at the top of the market

Gonna look to buy in the next year. Was scheduled to look at 2 homes right after cville...but considering my situation at that time, I backed out.

Yeah this current economic cycle is gonna sour within a few years

How low will the market drop though?

Dat yield curve

That’s the question

@Deleted User no one knows

No one really even knows if it will drop

No one knows if we're at the top

It's just the consensus among experts

5%? OK on a 100k house that's 5K less than a years rent at 500 per month.

^^^^

Yea for sure, just stuff to consider.

Some people think it’s just the generic market correction that happens every 10 years or so, that happens every time the fed increases interest rates. Other people think it’s going to be really bad since a lot of assets are considered to be overvalued (which was prompted by the buy up after the 2008 recession.)

My thoughts as well, but it couldn't hurt to wait a year and a half

I did the math on that as well @Deleted User

There is no real predicting of a market cycle. For example if the average time between recessions is 7 years, none of the sample recessions will have lasted 7 years.

The S&P500 is like... doing better than it should be doing, honestly.

Ehh yeah and then another 18 months and another...

No explicit predicting, however watching for the yield curve to invert is a standard hallmark.

You're a bit older than me, though 😏

I'm in the get a house, get married, have kids mindset full stop though.

Oh no doubt.

@Deleted User and mow the lawn

If the market doesn't take a serious turn for the worse in the next year and a half, I'm buying. There's no stopping me

Hell yeah brother. BOOMERTOWN Usa

By then, my savings will be more than sufficient for a very sizeable down payment

Never get a 30 year

I’m sure you know that but still