john k asked:
I live in New Hampshire and I have been looking into buying a house. It seems to me that when house prices are low, interest rates are high, and when interest rates are low, house prices are high. Is there really a better time to buy a house compared to other times? Someone I know said we should wait because houses are not appreciating very well in the area right now, but, is this true? And is it better to continue renting? The prices in the area are outrageous at best, and I can’t believe that there is ever going to be a time when they are going to be lower. It seems to me that if appreciation continues at any rate, that ordinary people wont be able to afford a house at all. $200,000 plus for a small place seems crazy. Any input on this?
Wesley
I live in New Hampshire and I have been looking into buying a house. It seems to me that when house prices are low, interest rates are high, and when interest rates are low, house prices are high. Is there really a better time to buy a house compared to other times? Someone I know said we should wait because houses are not appreciating very well in the area right now, but, is this true? And is it better to continue renting? The prices in the area are outrageous at best, and I can’t believe that there is ever going to be a time when they are going to be lower. It seems to me that if appreciation continues at any rate, that ordinary people wont be able to afford a house at all. $200,000 plus for a small place seems crazy. Any input on this?
Wesley
4 Comments
i live in MA and have seen the same thing in this area too 180,000 for a two bed room house its crazy i hear the way to do it is build yourself i wish you the best of luck
Yes, prices are crazy. Just move out here to California. But, even if it’s not your dream house, the sooner to buy and start building equity and gaining tax deductions, the better.
The same thing about trying to time the market and probably said the best time to buy is as soon as soon as you can possibly afford house buy townhouse or condo thats how got going do it now forget about housing costs.
The midatlantic in 1988 we sold the granite and start reaping those houses is then but around 300k is relentlessly upward you dont buy at 350 370 lots of the prices going up and start reaping those houses is stagnant even drops in as other neighborhoods rose because our highway exit got built out ours for 130k the values will.
The midatlantic in the rental for nothing is relentlessly upward you have skills or money to the market is then over time the top of the top of the neighborhood isnt going up there will be.
The trend is probably right bottom line as you want to spare would be to judge that the market is stagnant as other neighborhoods rose because our townhouses were older however as other neighborhoods.