Since the election I’ve kinda buried my head in the sand to try and stay sane, so I’m not sure what projections are looking like for the real estate market. Unfortunately I need to move pretty ASAP and I’m having the worst luck with rentals.
So, anyone have any advice or an idea of the outlook in the next few months?
Tough to call. Prices are high right now, who knows when they’ll come down. I look at it like this: my sister just bought a house for $120k and her mortgage payment is less than what she was paying for renting half a house. If the real estate market bottoms out tomorrow, her house value may drop and her mortgage payment stays the same. If she had stayed in the rental her rent would have stayed the same. After the lease expired the rent might have increased but the mortgage stays the same.