Buying a Home

[Whomp]

Again we're in full agreement for your situation and you're doing the right thing. If you live a portable lifestyle owning real estate is not your best option. At the same time, you also realize that when equities have a period of outperformance then risks increase just like real estate. The objective is to paraphrase Warren Buffet "it's only when the tide goes out is when you see who's swimming naked". That's where opportunity meets reward.

Distress and carnage have considerable rewards for the savvy and wide eyed investor in all asset classes.

Capitalistic systems allow for readjustments and froth to be taken advantage of. It's a matter of picking your spots and not putting yourself in a position to be the "greatest fool" in the "greater fool theory".

 

[Lotus49]

Well, around here there is no possible way that I could get my hands on a house (that I would actually want to live in) for any price below ~350k, and I really just can't see myself taking on that much of a liability.

I guess I'm not the typical American, eh?! Especially as of recent.

 

[The Yankee]

I guess I'm not the typical American, eh?! Especially as of recent.

Bad American! Bad!


But if you expect to just up and move again soon, there'd be no point. And if the price to buy a home wherever you are is high, then it'd be better to just rent until you stashed more away. Especially if the area is still experiencing falling house prices.