First time home buyer

I have been employed for 2 years continuously and am
>>>>essential

>while I still can
can you though?

Wife answers phone calls from home. I think I'll be alright.

>In europoor families
most europoors I know rent too. Mainly because the housing stock was decimated in WW2 so the government built new housing and private builders got BTFO. 60 years later you have refugees living in those government houses while europoors wait for their council provided spots to open up.

should move somewhere cheaper for a year or two until you are out of debt instead of simping like a faggot

USDA approved loan. Basically the same gib me dats veterans get when they buy a home

OP, the housing market hasn't crashed yet. If you have a too good a deal right now? sure take it. but it seems to me better deals will start coming up later.

>Should I take advantage of a fixed 3% interest with a 0 down payment while I still can?

Yes. Don’t let mathematically illiterate shit heads try to tell you mortgages are bad. They are the only financial reason to buy a house. Get the smallest, simplest house you can find because in 6-8 years you will upgrade into something better and turn your starter home into your rental property. That’s literally how every boomer land lord got started and how most people with a rental property get started today.

Have you ever lived with a woman who is unhappy about where she lives? I'll divorce her before I sit through the endless bitching moving into a shitty place would be.

We have already looked at about 30 cheaper rentals, none of which seemed like they didn't have fucking bedbugs.

Thanks for pragmatic advice. Sounds like what I'm leaning towards

>Is a mortgage the ultimate cuck and I should just keep on renting until the next market collapse?

Depends on the market. Good rough guide is market rent vs. what a mortgage payment would be for the same house. If rent is more expensive, then it makes sense to buy, and vice-versa.

Something to think about is that if inflation comes back because of fed money printing, then future dollars (that you're paying off the mortgage with) will be worth less, so you're borrowing expensive dollars and paying back cheap dollars. This is a win for you.

Plus, a mortgage is how you make real money because it's leveraged: if you put 20% down and the house goes up by 20% in value you've actually made a 20%*5=100% return. Of course, that doesn't apply if the house goes down in value, but that's why the specific market makes a big difference.

I rent but that's because I live in an expensive area where a mortgage would cost 2x my rent payment.

>3% interest
>if you cant put down a significant portion of the house value you are just cucking yourself with interest payments

or they could take the cash from the downpayment and put it in index funds to get a 7% yearly average return. the only reason you would put money down is to get to the 20% requirment to remove PMI or rent it out.

3% fixed and 0 down is incredibly good op. theres plenty of benefits to buying/renting so it depends on what kind of person you are.
Buying pros:
>mortgage payment usually similar to monthly rent price, but with a large amount going to equity
>your property, can do what you want with it (remodel, paint, additions)
>house is an investment, typically appreciate in value
>dont have to deal with landlords, property management
>will eventually pay off and cost nothing to stay in after
>want pets, parties, drinks and drugs? no problem
cons:
>buying a house is most peoples largest investment, and its a hard asset meaning they cant be sold quickly on margins
>as an investment things like mold or niggers moving next door can ruin its value
>when shit breaks its your problem
>shits ALWAYS broken
>usually requires a large downpayment, a more stable job, and a longer time commitment. if you move out within the first few years all that money spent on agents offsets the money saved

just depends on whats best for you op

Thanks for sage advice.

Any educated guess on when the next market collapse will be?

Now tell us how leverage works if prices go down.

Do you have a wife's son

Prices are going way up, hyperinflation, your fucked

No I had my brother's tubes tied the day after our dad died

>Now tell us how leverage works if prices go down.

>5x up, 5x down...

The nice thing about a house is that even if the price goes to zero you still have a place to live in as long as you make your payments. No margin calls on your house.

>Any educated guess on when the next market collapse will be?
um, never? There's ways for corrections to happen other than a crash.

Imagine a housing market stayed stable for 10 years while every other one increased by 2.5% a year. That would be equivalent to a 30% drop in the first market.

My educated guess is that inflation is coming, and expensive real estate markets will stay expensive but not grow much while cheaper markets will see a big increase. The end result will be the same in either case, but you won't see a big dip to buy a house.

I'm not concerned about hyperinflation. US will bomb everyone into using it as reserve currency. US will bomb everyone into getting oil back to inflated cost.

Proud to be American

Ah, that makes sense to me. Thank you.

>The rest goes to Bill's
Bill's what?

Tell the guy to fuck off. He's probably fucking your wife.