Bought a three family by the beach after Sandy hit when everyone was scared. It’s a tough time to buy right now AND a tough time to rent. It sucks but I would wait it out. Housing is sticky - interest rate increases are not yet reflected in pricing. The fed has said that their goal is to cool the housing market so it would be prudent to wait if at all possible. I make decent money and I have no idea how people are affording these $3-4k monthly starter house mortgages while raising children. Something has to give.
imasaltedpretzel t1_j3rbhsi wrote
Reply to How did you go about home ownership in NJ? by sufinomo
Bought a three family by the beach after Sandy hit when everyone was scared. It’s a tough time to buy right now AND a tough time to rent. It sucks but I would wait it out. Housing is sticky - interest rate increases are not yet reflected in pricing. The fed has said that their goal is to cool the housing market so it would be prudent to wait if at all possible. I make decent money and I have no idea how people are affording these $3-4k monthly starter house mortgages while raising children. Something has to give.