Is it a right time to buy some real estate in US?

[Core Imposter]

We have gone from a market in which you only had to play to win to one that only experts can turn a profit in.

The very best investment opportunity in a lifetime (unless you get in by luck on a Facebook type venture) is right out there now in residential property that still can be picked up simply on the basis of being liquid. Essentially free stuff if you are looking at the med to long term and know the fundamentals of the market.

The ROI on this sector will slay equities and bonds over time and is essentially risk free.

But short term have you lost your marbles?

 

[Bestbank Tiger]

One thing that occurs to me: We don't know the specifics of your local market, so we can't really give good advice. I can tell you for sure that if you were going to USM-Long Beach it would be a good idea to buy, and if you were going to Tulane/Loyola/UNO/LSU/Southern it wouldn't. But I don't know anything about the market in Indianapolis.

 

[mrt144]

If you had the downpayment and the credit score to secure it, with the intention of living there for the rest of your life, absolutely.

But that makes you an anomaly. Interest rates are ridiculously low right now, but even so, most people don't qualify for them. Most people don't have downpayments ready to go. And buying a house to live in for 5-6 years isn't the best use of your money.

 

[plarq]

I'd like to stay in the city after graduation, but I may change my residence to a better place then.

 

[Cutlass]

Do you intend to live in the US after you graduate?

 

[plarq]

Do you intend to live in the US after you graduate?

Yes. (5 char)

 

[Disgustipated]

Keep in mind renting isn't for everyone. Many posts here say it's a good option, but if you aren't a landlord type (it tough SOB), then it can be kind of tough. I could never do it because I'm too nice.

 

[plarq]

Keep in mind renting isn't for everyone. Many posts here say it's a good option, but if you aren't a landlord type (it tough SOB), then it can be kind of tough. I could never do it because I'm too nice.

I can always stay in the property I bought, and scare off those SOB with a gun. (It is legal to buy a handgun without permit in Indiana)

 

[warpus]

You are probably looking at a fluctuating market, 5-10% swings either way for the next several years. If you are looking to buy as an investment I would say no, that era is probably over for good.

Not here in Canada

 

[mrt144]

I can always stay in the property I bought, and scare off those SOB with a gun. (It is legal to buy a handgun without permit in Indiana)

Then you have to consider that you'd be the landlord that chases people off with a gun.

 

[Zelig]

Not here in Canada

I'm hoping for a solid 25% drop in major urban markets, with no following upswing.

 

[plarq]

They don't offer me any loans.

 

[Cutlass]

Yes. (5 char)

Unless you're really confident of getting a job in the same place after graduation and so wanting to live in the same place, short term buying has other negative issues. Mostly that the way mortgages are structured, for the first several years you are only paying the interest on the mortgage, not any part of the principle on the loan. And so are not getting any equity put away in the value of the house. So you really are not doing better than renting.