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Is this a good time to buy?

I am in the market for a new home. So based on what research I have done, and the current political landscape, is this a good time to buy?

Please correct me if I am wrong. Please explain why you disagree.

  • Trade war with China

  • Fed has been lower interest rate for quite some time.

  • Presidential impeachment process started

The above 3 points are my biggest concern of buying a property now. At any moment the market can get worse much quicker. Fed lowering interest rate is not a good sign because that mean they are trying to stimulate credit lending. The reason they are stimulating it is because credit lending has been slowed down. Probably due to trade war with China. The stock market has definitely taken a hit.

Personally I'm not old enough to understand the consequences of how a Presidential impeaching would have on the real estate sector. But to me, impeaching a President is never a good thing for a country.

I personally feel like this is a good time to sell your property. And this is a bad time to buy new property.

Thanks.

submitted by /u/b10m1m1cry
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source https://www.reddit.com/r/RealEstate/comments/dakjyj/is_this_a_good_time_to_buy/
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