Message from @Deleted User

Discord ID: 490907489462910976


2018-09-16 15:27:28 UTC  

For sure

2018-09-16 15:27:31 UTC  

Me too

2018-09-16 15:27:48 UTC  

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

2018-09-16 15:28:38 UTC  

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.

2018-09-16 15:28:56 UTC  

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

2018-09-16 15:29:03 UTC  

How low will the market drop though?

2018-09-16 15:29:04 UTC  

Dat yield curve

2018-09-16 15:29:08 UTC  

That’s the question

2018-09-16 15:29:20 UTC  

@Deleted User no one knows

2018-09-16 15:29:34 UTC  

No one really even knows if it will drop

2018-09-16 15:29:43 UTC  

No one knows if we're at the top

2018-09-16 15:29:58 UTC  

It's just the consensus among experts

2018-09-16 15:30:07 UTC  

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

2018-09-16 15:30:24 UTC  

^^^^

2018-09-16 15:30:25 UTC  

Yea for sure, just stuff to consider.

2018-09-16 15:30:36 UTC  

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.)

2018-09-16 15:30:42 UTC  

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

2018-09-16 15:30:58 UTC  

I did the math on that as well @Deleted User

2018-09-16 15:31:01 UTC  

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.

2018-09-16 15:31:05 UTC  

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

2018-09-16 15:31:06 UTC  

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

2018-09-16 15:31:28 UTC  

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

2018-09-16 15:31:28 UTC  

You're a bit older than me, though 😏

2018-09-16 15:31:46 UTC  

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

2018-09-16 15:31:52 UTC  

Oh no doubt.

2018-09-16 15:32:09 UTC  

@Deleted User and mow the lawn

2018-09-16 15:32:34 UTC  

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

2018-09-16 15:32:38 UTC  

Hell yeah brother. BOOMERTOWN Usa

2018-09-16 15:32:59 UTC  

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

2018-09-16 15:33:13 UTC  

Never get a 30 year

2018-09-16 15:33:18 UTC  

I’m sure you know that but still

2018-09-16 15:33:34 UTC  

30 years are the worst thing on the planet

2018-09-16 15:33:45 UTC  

I plan on putting down at least half the value of the home

2018-09-16 15:34:00 UTC  

15 should be no problem for you then

2018-09-16 15:34:37 UTC  

I’m not incredibly well versed in real estate finance but uh. Spending over twice what a property is worth just sounds unpleasant.

2018-09-16 15:34:49 UTC  

Obviously, given my profession, I won't be able to live like a king, but I'm very frugal and have some money tucked away

2018-09-16 15:35:20 UTC  

I'm looking at $150k properties

2018-09-16 15:35:34 UTC  

It's hard to do, but shit, it's a goal

2018-09-16 15:36:06 UTC  

A 150k property in central Florida probably isn’t *too* hard to find

2018-09-16 15:36:13 UTC  

You can get houses for 6k here

2018-09-16 15:36:21 UTC  

You wouldn’t want to live in them.