Doesn't matter. With the current interest rates, that 8k would have been like pissing in the wind and most the loans approved right now are adjusted rates which I definitely would away from. I worked in real estate for Homegold Financial back in the day so when the time is right, I'll look into property. For now, I'll play it cool
let me break this down for you:
-homes have depreciated below what they were originally purchased for.
-interests rates for 30 year fixed are still hovering around 5%
-first time home buyers are (or were) eligible for a $8k tax break if they bought a home this year.
RIGHT NOW IS THE BEST TIME TO BUY, KEEP WAITING AND INTEREST RATES WILL CLIMB (A FACT), AND AS THE REALESTATE MARKET REBOUNDS HOME RICES WILL INCREASE (A FACT).
I don't care who you worked for, you don't know what you're talking about dude.
I just bought a new house two months ago and put my other up for rent because I knew I would never get a price this low again and an interest rate this low, I got a 30 year fixed at 4.25%, renting my other house took 3 days, once the market recovers I will sell it.