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Selling/Buying housing market in the next 12 months?

By RC2006 following x   2016 Nov 9, 1:37pm 3,060 views   15 comments   watch   sfw   quote     share    


Thinking of selling house to buy a bigger one or banking equity and renting for a while to see where the market is in 3+ months. I would probably make take home about 180k.
What do you guys think about the future housing market?

I appreciate everyone’s opinion; this is what originally brought me to this site ten years ago!

1   APOCALYPSEFUCKisShostikovitch   ignore (33)   2016 Nov 9, 1:41pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

Sell the house.

180K would buy a lot of yams and ammo.

Find high ground.

2   Dan8267   ignore (3)   2016 Nov 9, 2:39pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

rpanic01 says

Thinking of selling house to buy a bigger one or banking equity and renting for a while to see where the market is in 3+ months

I think the market will go down within the next two years, but I don't know when. If prices start to fall, you are better off waiting if you are upgrading and better off rushing if you are downgrading.

I think the Fed has to start raising interest rates soon, and even a tiny change is a huge change when interest rates are so low. I don't know how the Trump victory will affect this.

3   RC2006   ignore (0)   2016 Nov 16, 12:26pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Listed house I feel really nervous about it, out last child was born in it and it was the first house that my kids lived in. The only thing wife and I are not sure of is keeping the contingent that we have to find another house but we both think market is going to go down so maybe we will just rent for a while tell we find exactly what we want as our final house at least tell the kids move out.

4   exfatguy   ignore (0)   2016 Nov 16, 1:15pm   ↑ like (2)   ↓ dislike (0)   quote   flag        

Housing prices and rents never go down.

5   Quigley   ignore (0)   2016 Nov 16, 1:17pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

What's your location? You know what they say about Real estate ...

6   RC2006   ignore (0)   2016 Nov 16, 1:46pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Quigley is sad says

What's your location?

Northern LA county.

7   Quigley   ignore (0)   2016 Nov 16, 3:00pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Then don't bank on a real estate collapse. This place is crowded and new people with money moving in all the time.
Last month, I sold my town home in north Orange County and bought a larger SFR. We felt lucky to win the bid on the new home with a contingent offer. The old one was ridiculously simple to sell: four days on the market and we signed for over asking.
If inflation hits, you won't want to be the one without a seat at the RE table.

8   Strategist   ignore (1)   2016 Nov 16, 3:06pm   ↑ like (1)   ↓ dislike (0)   quote   flag        

rpanic01 says

Thinking of selling house to buy a bigger one or banking equity and renting for a while to see where the market is in 3+ months. I would probably make take home about 180k.

What do you guys think about the future housing market?

Dont gable with your castle. Stay put.

9   Strategist   ignore (1)   2016 Nov 16, 3:10pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Ironman says

But if he moves to the East coast, he'll pay 1/4 the price that he'll pay in CA for the same house.

And give up sunny California? Hell no.

10   Strategist   ignore (1)   2016 Nov 16, 3:22pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Ironman says

We have sun here too at 1/4 the price. With those savings, you could go on a Carribbean cruise every month for even nicer sun!!

Hey, i could live on the cruise with the savings. No expenses for cars, utilities or propane. Food included.

11   RC2006   ignore (0)   2016 Nov 16, 3:43pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

We are staying in the same area my wife's family is here :( and we love the schools they are all 10s. We are just looking at area a few blocks away closer to school and wifes work. Our house is ok but it does need some work but i can't make the lot any bigger i think finding another house would be better than adding on to ours cost wise.

12   Robert Sproul   ignore (0)   2016 Nov 16, 6:03pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

Quigley is sad says

This place is crowded and new people with money moving in all the time.

I wouldn't worry, according to Bloomberg the Chinese are still coming:
"It adds up to the world’s biggest-ever wave of overseas residential property investment, according to Susan Wachter, a professor at the University of Pennsylvania’s Wharton School who specializes in real estate markets. While Japan had a similar boom in the 1980s, it was mainly focused on commercial buildings, Yachter said."
http://www.bloomberg.com/news/articles/2016-11-14/world-s-biggest-real-estate-binge-is-coming-to-a-city-near-you
Think about a Chinese nanny so the kids pick up some Mandarin.

13   RealEstateIsBetterThanStocks   ignore (0)   2016 Nov 16, 9:29pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

i would rent out this house. cash-out refi and buy a new one.

14   PrivilegedtobeWhite   ignore (1)   2016 Nov 19, 2:15pm   ↑ like (0)   ↓ dislike (0)   quote   flag        

What about Poway School District in San Diego? Buy now or wait? Houses I'm looking at are in the $850-$900k range. I have 20% down saved up, but I'm nervous about prices going down in the next few years. Renting now, but want to settle down.

15   Carolyn C   ignore (0)   2016 Nov 21, 8:36am   ↑ like (0)   ↓ dislike (0)   quote   flag        

Are there any flippers still making real-estate deals? I Would like to know how that market is?





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