trimtab28 t1_ix1652q wrote
Reply to comment by dbnoho in For people that bought single family homes in Boston or adjacent suburbs since last summer, how much are you paying per month in mortgage, taxes, insurance? by Bostonosaurus
Think it depends what you have for a downpayment. I sold some stock off before the COVID crash and held in cash since, and have toned down how much I'm throwing in the market given how topsy turvy it is. Just watching to see at what point people start cutting prices for condos- I can tolerate a higher interest rate if they come down enough since I have a pretty healthy downpayment ready.
In short, if you're buying right now you're doing it in cash. Although point taken on braving it- even if you have cash, it's a waiting game since I don't think we're anywhere close to bottoming out on any price cuts. I'm slowly starting to see them now- seems people just let stuff sit on the market for longer and longer and have been avoiding price cuts. We'll see if/when any cuts become more than just a trickle
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