US housing price higher than housing bubble 2008

Re:US housing price higher than housing bubble 2008 by yellow_postit on Tuesday September 14, 2021 @04:54PM (#28530996)

while a bank may write you a mortgage for 6x I think it’s very worthwhile considering how that fits into an overall financial plan.

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Re:US housing price higher than housing bubble 2008 by lpolovets on Tuesday September 14, 2021 @05:27PM (#28531574)

I'm not a financial advisor, but I think housing is a very reasonable investment given:

1) you need a place to live no matter what

2) historically the real estate market does well over long time horizons

3) if you make $540k and your mortgage is $200k/year, you'll still have like $100k-$150k in spending money after taxes.

4) housing values are a good hedge against inflation

5) IMHO inflation is going to be bad over the next few years, which means your fixed mortgage payments will shrink rapidly in an inflation-adjusted sense.

YMMV

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