3 Reasons to Buy a House Right Now

Don’t let high prices scare you.

(Image credit: JP Real Estate Experts)

You can’t read a personal finance website (or Medium publication) without running across the eternal struggle of whether people should rent or buy. As you might have suspected, I have written about the topic already, directly supporting the rental argument until you are on solid financial ground before buying a house.

But that article was pre-pandemic in a regular housing market. Like so many other aspects of our lives, both my personal views and the housing market have changed a bit over the past year.

So let’s update the question for the here and now. To answer that question, we first need to answer the following:

1. What is the current state of the housing market?
2. Why should you buy a house in 2021?
3. What should you do if you can’t buy a house?

The Current Housing Market

Home prices have been increasing significantly in the past year, which might seem odd at the tail end of a recession. Let’s take a look at how we get to the topsy-turvy situation.

I wrote about many of the items below in a previous article, but here is the short list.

People saved a lot of money during the…