Quote:
Originally Posted by SupDock
What is the opinion here on buying or building in a hot (sellers) market. Renting now and planning on staying long term. We were looking at building before all this, and new builds in our market were going up 4k every 2 weeks.
What are your thoughts on what this will do to the market. I know it's a complicated question.
If it helps, my job is quite secure.
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If you’ve got enough cash to get considerable equity in the place I’d say there isn’t a huge problem. If you’ve got to leverage pretty hard I’d pass.
If it were me I’d need to be fairly confident it found a bottom before I did much.