“I just don’t think you are acknowledging the risk posed to the personal financial health of a buyer if they choose to buy today.”
The fact that I am renting should be a very strong ackowlegement of my perception of risk in the housing market.
I have a hundred k + documented W2 for 150+ yet I rent. Now my wife recently passed her dental exams so that changes our financial situation dramiticalls as I ahve had to carry the load over the last few years.
With the prospects of having a potential 300K of income I am still not racing to buy but I do keep my eye on markets that I am interested in.
Unfortunately what I see is that if there is a significant drop in the areas I am looking at there is an equal chance that my own job will be threatened.
That being said, I work in sales so my job is probably more liquid than engineering and if I have to learn a different product and do a little prospecting , than so be it. I’ve built my clientel before and I believe if necesary I would be able to do it again.
