The Double Comma Club
Episodes
Wednesday Oct 26, 2022
Discussing the Current Real Estate Market Landscape
Wednesday Oct 26, 2022
Wednesday Oct 26, 2022
The Froth is Off The Top from the recent history of waking up one day and saying, "You know what I would like to have, I would like to have a backyard with a water feature. There's one down the street, so I'm gonna go buy that one."
It depends on who you are and what your goals are and what your finances look like. And that's always the case. I mean, there was in 2021, it wasn't the right time for some people to buy. They just couldn't compete. And so it's really, right now, if you still have the baseline motivations, you want a home for your family, you need to be in a specific school district. You don't wanna be moving your kids every couple of years if your lease is up on your rental and you maybe can't be in the same school district. You wanna have a sense of community, you wanna have a sense of safety. You need home offices and backyards and you have a dog that digs holes and you just can't get a rental.
There's things about our lifestyle that are always true regardless of what the market looks like.
And when you are at a point and you're ready to buy a house, you just deal with the market that exists when you're ready. And that market is different all the time. And we all like to think we can time the market and I'm gonna buy at the bottom. Well, when you buy at the bottom, it looks like this where we have high interest rates and market volatility and nobody likes that either. So there's always nuances to what that market looks like and how it impacts each person differently.
Listen as Nicole's guest, Amanda Snitker weighs the variations of how this market is affecting people depending on wherre they are in their current lifestyle and needs.