Is it a good idea to buy a house cash right now?

I'm 28 and this would be my first house

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Fuck you white Muslim janny

Aren't interest rates on loans practically nothing right now?

You'd be a fool not to take the banks money and invest your money in something that will have a higher return. Thus the bank is paying you to buy a house.

do you have a good enough credit score and the 20% down payment?
what market are you in?
you might want to wait until banks start repossessing airbnb homes.

We are at a market top you dumb fucking idiot. You and I are the same age. Were you not alive in 2007-2009 or something? Do you research the markets you want to participate? Holy fucking shit how some people be this dumb?

TL;DR: No

Zig Forums is free

DEFINITELY NOT
Wait 12 -18 months
after the market crashes Youl save 50%

I have no credit at all, I've never had a credit card or borrowed money in my life
I was in school and had no savings in 2008

It already bottomed you dufus, nowhere but up from here!!

you need to get a decent credit score before you can even go window shopping for houses.
either that or have a 50% down payment or a heap of collateral.

its that simple.

Roll

I'm in a small town in rural Pennsylvania, I doubt there's any airbnb homes around here
source?
I've heard homes may even go up in value as the dollar devalues from all the brrrrr

I have about 150k savings, and there are decent houses in my area for that much

kek
Out of 2 of you your the one who’s definitely going to make it
respect- old fag

tranny kike nigger

well shit negro, see if you can get pre-approved.
i can't say its a wise financial decision, but it's not stupid.

what's the benefit of getting a mortgage over paying cash though?
aren't you just paying jews money?

if you are credit worthy, it's cashing in on an imaginary quality you somehow have.

Hopefully you can qualify for the mortgage, and can continue paying that 1% jew fee for the next 20 years, but with your 150k in savings you invest it in another asset that pays you more than 1% a year.
The banks are clamoring to give responsible individuals loans that can be repaid slowly but surely over the next decade as a constant source of income.

shit, I don't know if that makes sense.
Basically, a 1% loan on an asset that appreciates at higher than 1% is not a problem. Taking a loan out on one asset investment, so that you can diversify your other cash into other assets is a good idea.

but if you dont have credit, you are unlikely to qualify for a loan with good terms.

yeah buy a house when the market is at an all time high and is about to crash in 6-12 months time. great fucking decision.

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aren't mortgages like 3.25% interest though?

I listen to Peter Schiff
The market is about to implode
Seems pretty obvious
20 million new unemployed
2nd wave of layoffs to come in 3-6 months
Leveraged airbnb market collapsing
commercial property imploding as work from home the new norm even for those that keep jobs

This may happen in big cities but I live in a town with like 10 houses on the market. I highly doubt prices are gonna drop significantly in 6 months

not if you have good credit.

just try to get preapproved and start looking around the market for now.
when airbnb implodes, look at how the market reacts, and then jump in.

meant for
and

confirmation bias lol, the whole housing market world wide is about to drop dude, just invest in gold and silver if u want a nice return

r o l l

Test

This

do you think there will ever come a time when normies realize fiat currency and stonks are just pieces of paper, and houses are actually valuable? Or even a time when they tell the bank jew to fuck himself? "First pig that walks in trying to evict me gets a bullet". That will cause the system to collapse real quick won't it?

1 white 1 checking in

Nigger it's going down, wait!