Depends on your wants and needs and your willingness to relocate and/or put your own labor into it. If you have decent credit, a good work history, and $5k-$20k saved up there's government programs that will finance first-timers with 3% or less. There's homes all over Oregon that fall into that price range. BTW, crandc would call you a sexist for that post, and I do have to say that it is inaccurate. It's not always the father that provides the down payment. Sometimes it's Grampa or an Uncle.
Spoken like the dozen grizzled old men I drove by panhandling with their belongings in a grocery cart...cause if you can't shelter a family...it's going to be you and a grocery cart and your memories of vacations, hotels and restaurants ! Hey! But you'll own nothing!
Don't sweat it. They're moving there for one specific purpose. Voter fraud. Once they've all voted for Chaney, they'll be back in Texas by Christmas.
Slip slidin' away Slip slidin' away You know the nearer your destination The more you're slip slidin' away
QUOTE="ABM, post: 5341053, member: 20873"]I'm pretty glad we sold, then bought, when we did. Lete last year. This crazy inflation situation might upset the whole market. Will interest rates hit 6% (and higher)?!![/QUOTE] I inspect houses and commercial buildings for a municipality and Re Sales have fallen. Rentals are still stable. In my role as a building inspector renovation and rehab is still strong.
Did you ever consider asking crandc what she thinks before making pronouncements about what she thinks? Where I come from this is considered rude.
https://www.cnbc.com/2022/07/14/these-are-the-10-cities-seeing-the-most-price-cuts-for-homes.html These are the 10 cities seeing the most price cuts for homes More home sellers are dropping their asking prices as rising mortgage interest rates and inflation ease competition in the market. Some cities are seeing more price cuts than others. Boise, Idaho, took the lead in June, with 61.5% of sellers cutting their asking prices, according to a new report from Redfin. Many markets saw massive price increases during the pandemic that were simply not sustainable as interest rates rose. More home sellers are dropping their asking prices as rising mortgage interest rates and inflation have eased competition in the housing market. Some cities are seeing more price cuts than others. Boise, Idaho, took the lead in June, with 61.5% of sellers cutting their asking prices, according to a new report from Redfin, a real estate brokerage. Boise was one of the hotter pandemic markets, as the work-from-anywhere culture prompted thousands of people to flee pricier markets like San Francisco and Los Angeles. A year ago, just about a quarter of sellers in Boise had dropped their prices. Top 10 markets seeing cuts in asking prices: Boise, Idaho: 61.5% Denver, Colorado: 55.1% Salt Lake City, Utah: 51.6% Tacoma, Washington: 49.5% Grand Rapids, Michigan: 49.3% Sacramento, California: 48.7% Seattle, Washington: 46.3% Portland, Oregon: 45.7% Tampa, Florida: 44.5% Indianapolis, Indiana: 44.1% Many of these markets saw massive price increases during the pandemic that were simply not sustainable as interest rates rose. The average rate on the 30-year fixed mortgage is now nearly twice what it was at the start of this year. That makes the cost of ownership considerably higher.
Frankly, I don't think kids should be buying houses. I feel like there should be a law put in place to protect kids from predatory mortgage companies who would be taking advantage of children at their most vulnerable.
