Convince me to Not Buy a Home

[HelpAndProsper]

I'm posting this as a way to FIGHT the urge to follow the herd!!!!

I don't want to follow the herd!!!

I'm tempted to buy my first house in Portsmouth, NH area because I love it there and it's beautiful. Here's the thing.....I know real estate in these hot markets has run up considerably the last few years....I feel I would probably be buying at the TOP of the market.

So it seems wise to wait until we have another crash/correction....Same thing with stock market. I think we're in another bubble waiting for a major correction.

I really want to live in a small house because I HATE hearing my neighbors through apartment/condo walls.

Should I try to find a house to rent for a while? Suck it up in another apartment in a new location while I build my business?

Any advice is appreciated!!

 

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[Kak]

I'm posting this as a way to FIGHT the urge to follow the herd!!!!

I don't want to follow the herd!!!

I'm tempted to buy my first house in Portsmouth, NH area because I love it there and it's beautiful. Here's the thing.....I know real estate in these hot markets has run up considerably the last few years....I feel I would probably be buying at the TOP of the market.

So it seems wise to wait until we have another crash/correction....Same thing with stock market. I think we're in another bubble waiting for a major correction.

I really want to live in a small house because I HATE hearing my neighbors through apartment/condo walls.

Should I try to find a house to rent for a while? Suck it up in another apartment in a new location while I build my business?

Any advice is appreciated!!

I can help... But I can only tell you what I would do if I we're in your shoes and why. The decision is totally up to you.

Tell us about you.

Do you have any kids? Wife? In process?

What do you currently do for a living?

How is business?

How would you be “buying” outright or loan?

How much would you have left after each of those? So much it won't even matter? Enough? Or cutting it close? I don't need specifics.

 

[Maxboost]

How does your cashflow situation change from renting to buying? If its the same I would buy, keep in mind maintenance, taxes, water bill, heat bills, etc...