Re:In January, there were more real-estate agents than homes...
by jpm_sd on Monday March 22, 2021 @01:43PM
(#26544039)
> Is that like asking what stocks to invest in
Yes, pretty much. We are definitely in an asset price bubble but "the [housing] market can remain irrational longer than you can remain solvent" (with apologies to Keynes).
The strategy I have successfully pursued in two cross-USA moves: find a not-too-expensive house in a neighborhood that has some kind of long term value, whatever that means (good schools? close to nature? cultural opportunities?). Remote work is great, but try to be within commutable distance of non remote opportunities in your field as a hedge against future change.
That way, even if the market plunges in absolute terms by the time you need to move again, relative value should hold up? Hopefully?
Yes, pretty much. We are definitely in an asset price bubble but "the [housing] market can remain irrational longer than you can remain solvent" (with apologies to Keynes).
The strategy I have successfully pursued in two cross-USA moves: find a not-too-expensive house in a neighborhood that has some kind of long term value, whatever that means (good schools? close to nature? cultural opportunities?). Remote work is great, but try to be within commutable distance of non remote opportunities in your field as a hedge against future change.
That way, even if the market plunges in absolute terms by the time you need to move again, relative value should hold up? Hopefully?