Buying a home during a housing bubble? Industry experts weigh in

Chris Anderson, the president of the Greater San Diego Board of Realtors, recommends buying sooner rather than later.

[sparkyind]

More than 16 million homes are vacant in the US. That’s nearly 1 in 10 homes. It’s not a supply and demand issue, especially when we’re only 5 million short.

[lazysundays]

What they continue to leave out of the conversation are wages. The average middle class family cannot afford to pay these skyrocketing housing prices.

[Paramount]

Of course a realtor is going to recommend buying now, so would a car salesman. What else would you expect someone who is dependent on commissions to say?

[tommymitchell]

I and my wife started looking for a home recently and it brought her to tears. Our combined income puts us into high 6-figures unfortunately we had to search outside of San Diego to areas like Temecula, Murietta, and Menifee. They are correct even in those locations in those areas houses are spiking and they're not helpful unless you're looking for million dollars homes.

[davl]

Buy only if you can afford it! Don’t just buy. 🤦

[barano]

The realtors and the mortgage industry will always want you to buy now! It’s their livelihood. Doesn’t matter whether the market is hot or cold or if it’s a seller or buyers market.

[KylerTony]

Of course a realtor will tell you to “BUY NOW!!!”

Commissions make them talk.

[Ionlyexistpardner.]

Buy sooner than later. What a horrible advice.

[ezzy]

Breaking news: real estate agents encourage you to buy real estate faster!

[ghostpepera]

Nobody can see a bubble that's why it's called a bubble...

[Dc-slup]

Abandoned homes. Speed up adverse possession. We sure need Islamic Emirate states of America.

[YT_C]

Housing is a LEGAL ROBBERY. first keep the inventory low and then give away easy loans, just keep the inventory low for years and squeeze the new home buyers and middle class at the cost of their quality of life. Shame. Even shameful, Real estate agents and lenders even feel more proud of this robbery.

Just imagine if a person bought a home in 2018 at 700K at 2.65% interest rate vs. you buying the same property at 1.2M and at 4% interest rate. The old owner end up saving a lot more than a new buyer and spend that money for other investments thereby becoming more and more rich. If this is not a LEGAL ROBBERY then what name would you give?

To old generations who think they became rich due to high housing prices - you are simply robbing your kids and grandkids and making their lives more miserable.

[jakemarlow]

It's feeling a lot like 2006! But you better buy now or you will be priced out of the market forever ... bwahahaha!