Don T Buy A House In 2017 May 2026

: 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.

: 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 don t buy a house in 2017

: The Tax Cuts and Jobs Act of 2017 shook up tax brackets and capped mortgage interest deductions, which some experts warned could negatively impact homeowners in high-cost coastal states. : Economists predicted that mortgage rates would continue

The following details outline why some experts and reports suggested caution or advised against buying a house in 2017: Reports from The Cut highlighted stories of "buyer's