Quote:
Originally Posted by AtticusFish
Should I buy a home?
Kind of in a similar boat, although I'm not concerned with the highly appreciating and overpriced market I'm in dropping much, if at all.
I'm factoring in a "comfort level" in there as part of evaluating my situation. Not sure yours, but I personally would pay a bit more for standard of living things that would make me happier and thus more productive in life as an overall return, which I'm sure you're considering as well and house vs. rental is a big part of that although I'm not eager for the maintenance side of home ownership.
I don't know the market right now in L.A. but if you plan to be there for next 5-10 years I personally wouldn't wait or worry about what could happen in the next 6 months, since odds are you will likely just see increases in that short of a period of time and you'll find yourself in an endless loop of "another 6 months" waiting to time the market.
Is there a possible income producing situation you can jump into when purchasing (if you like the idea) such as duplex/garage apartment/ADU?
That's really what I am currently interested in to offset my mortgage and alleviate my concerns of commitment and overpaying since I'd likely just convert into an investment property if I wanted to bounce after 2-5 years.