I’ve been wanting to get out of my condo and buy a house for some time now, and am financially prepared but know that now is not even close to being the time to do it. Sellers are still out of touch with the market but are starting to catch on. Some companies are shutting down and laying off. Stocks are doing the dead cat bounce. The dollar is in free-fall. Inflation is up. We are bombarded daily with deceptive, placating news trying to candy-coat what’s happening to our economy. Ya, for me this is a no-brainer: it’s not the time to buy. I can’t say that things won’t get better but I can say that the future is a big, black hole. Even for me, Nostradamus. Buying a house now is like playing roulette. I won’t play roulette with $5, definitely not with half a million or more.
Thus, I’m hunkering down and looking to hire some desperate-for-work contractors to remodel parts of my condo to make it even nicer since I’ll probably be here for another two years minimum. During this time I am able to save up money for the house, so hopefully what the interest rates are doing at the time I buy will not affect me much.
I’ve asked before but didn’t get any response: does anyone know of a good contractor to do bathroom remodels and such?
