: Maintenance, property taxes, and insurance often exceed initial mortgage estimates. Reports from The Cut highlighted stories of "buyer's regret" where homeowners found their properties to be more than they could afford after factoring in repairs. Warren Buffett: Why Buying a House is a LOUSY Investment
: Financial experts like AJ Smith at SmartAsset and millionaire Grant Cardone suggested that for some, the capital used for a down payment could generate higher returns if invested in the stock market instead. Psychological & Lifestyle Factors don t buy a house in 2017
: Housing inventory was at historic lows, leading to intense competition and bidding wars. Pro Teck reported a 125% increase in communities with dramatic home shortages over a two-year period leading into 2017. : Maintenance, property taxes, and insurance often exceed
: Economists predicted that mortgage rates would continue to climb throughout 2017. Jonathan Smoke, chief economist for Realtor.com, noted that higher rates increase costs and make qualifying for loans more difficult. Psychological & Lifestyle Factors : Housing inventory was
The following details outline why some experts and reports suggested caution or advised against buying a house in 2017: