What's going to give first? Interest rates? House Prices?
I was on the market to buy a place. First time home owner jitters, but interest rates started to rise fast. Buying power dropped so much that I'm dropped out. At these rates, I really need the price to drop by 20%-ish. I'm sitting on cash and it feels like shit. I wonder how other people feel.
I'm on working on my masters with gaTech's OMSCS. Taking a summer class atm, and will finish in the fall. Going to start on a new job search and maybe TA a class too.
Back in the 80's homes were 4-5x the avg income
2002 5-6x
Now 8-9x
I rather buy something on 12% that's 4x my income than what my option is today.
[1] https://www.longtermtrends.net/home-price-median-annual-inco...