Re:Mortgage Market Reopens to Risky Borrowers
by rconti on Wednesday August 21, 2019 @04:44PM
(#20761589)
My opinion is that you're right to wait, with the caveat that I think you've done more research than I have, AND when I bought in fall 2014, I was ALSO convinced it was a horrible time to buy. That suspicion has not been borne out.
That said, the bay area market has been slowing the past year or so
I'm not sure your first point is particularly valid; I think that's basically always true here. Rent is cheaper in areas where assets are expected to appreciate quickly; rent is relatively expensive in slow/stagnant markets (where, for example, maintenance could be a significant deterrent to ownership, versus price appreciation).
I'm not sure at all about your second point, that sounds highly speculative.
But it sounds like you've done your homework on the last two.
That said, the bay area market has been slowing the past year or so
I'm not sure your first point is particularly valid; I think that's basically always true here. Rent is cheaper in areas where assets are expected to appreciate quickly; rent is relatively expensive in slow/stagnant markets (where, for example, maintenance could be a significant deterrent to ownership, versus price appreciation).
I'm not sure at all about your second point, that sounds highly speculative.
But it sounds like you've done your homework on the last two.