In January, there were more real-estate agents than homes for sale in the U.S.

Re:In January, there were more real-estate agents than homes... by starclerk on Monday March 22, 2021 @02:35PM (#26544839)

Time in the market > timing the market.

As long as you don't put more than ~30% of your money into a single asset (e.g. a house), then you're pretty certain to always make money in the long-term.

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Re:In January, there were more real-estate agents than homes... by boring_twenties on Monday March 22, 2021 @04:34PM (#26546552)

How many people are buying a house with anything less than 100% of their money?

Everyone I know who "owns" a home first had to save up for a 3-20% down payment, which translates to having 500-3,300% of their money in the asset.

Biggest outlier I know personally put 50% down, so 200%.

Obviously I know that cash buyers exist too but that's not most people, unless I'm woefully wrong.

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Re:In January, there were more real-estate agents than homes... by bsurmanski on Monday March 22, 2021 @03:43PM (#26545788)

heh, good luck finding a house worth less than 30% of your net worth.

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Re:In January, there were more real-estate agents than homes... by starclerk on Tuesday March 30, 2021 @03:48PM (#26639482)

(late reply)

That wasn't what I was referring to. Net worth is (assets - debts), so the money for a down payment is largely the only part of a house that contributes to net worth at purchase time.

In other words, your down payment should be less than 30% of your net worth. Still hard to do in many places.

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Re:In January, there were more real-estate agents than homes... by brianwawok on Monday March 22, 2021 @03:48PM (#26545853)

Very very easy in much of the midwest, with a tech job.

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