Comments by "BelieveInYou" (@Youknowwhatscoming) on "REDFIN BREAKING: Home Prices Collapsing" video.

This past 10 days I saw many houses in my saved list go pending. They are all over priced with minor price cuts now. I wonder who is buying. I wish buyers would just wait and let sellers come down but FOMO is still there. I just don’t get it
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@House_hacker_619 you are wrong about rentals. currently with the high prices and interest rates, monthly payments for half a million dollar homes are close to 4k. no one is going to pay that rent atleast in my area. dont worry i am going to wait. another 6-12 months wont hurt me. I am not in a rush, I will save up for a huge down payment. and we will also know if there are mass layoffs. in case jobs are secure then only i will make a move, In the current volatile market its clear stupidity. More power to you if you have the means.
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@House_hacker_619 yeah i am married with a family. I do not like to share my house with strangers. House hacking works if you are a bachelor or if you are comfortable with renting part of the house. like i said $2000 mortgage can be rented out but not $4000 which is the current mortgage. We will. need to add more people in the rental which is again not ideal. May be the deal you got was good but the current market is nor favorable to first time buyers. Even you want to buy the next one when market corrects but right now it doesnt make sense for most people. there might be few exceptions.
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