undefined | Better HN

0 pointslotsofpulp4y ago0 comments

>Same. Which is exactly why I bought a house in 2011. In hindsight it was the perfect time, but at the time the market was still bumpy. At the end of the day, I had a stable job and needed to live somewhere.

And you were more likely to be able to because it was 2011. Fewer people can do the same today, at least at a similar comfort level of cost of house to income ratio.

0 comments

matwood4y ago

Sure, but what about 1-2-3 years ago? The person I responded to said they never saw the point of taking on 30 years of debt, so my response was in more general terms.

Also, 2011 was still very uncertain. Would the market continue to go down, and would I keep my job were all real questions.

Is today a questionable time to buy? Probably, but what type of correction is needed in a ~7% inflationary environment for it to shift into an ok time to buy? 10%? 20%?

The point is there is always uncertainty and only in hindsight did 2011 look like a great time.

j / k navigate · click thread line to collapse

0 comments

matwood4y ago

Sure, but what about 1-2-3 years ago? The person I responded to said they never saw the point of taking on 30 years of debt, so my response was in more general terms.

Also, 2011 was still very uncertain. Would the market continue to go down, and would I keep my job were all real questions.

Is today a questionable time to buy? Probably, but what type of correction is needed in a ~7% inflationary environment for it to shift into an ok time to buy? 10%? 20%?

The point is there is always uncertainty and only in hindsight did 2011 look like a great time.

j / k navigate · click thread line to collapse