Re:Ask HN: Is now a bad time to buy a home?
by eloff on Saturday March 28, 2020 @02:32AM
(#22709616)
Real estate is a lagging indicator, meaning it lags quite a bit behind changes in the economy. I suspect home prices will drop after this crisis. Probably 1-2 years from now. The economy is going to take a big hit, maybe the largest since the great depression.
I'm not qualified to offer financial advice, but that's what I've been thinking for myself personally. I don't have a crystal ball though.
I'm not qualified to offer financial advice, but that's what I've been thinking for myself personally. I don't have a crystal ball though.