4 ms·
We are probably not yet running out of buyers, because interest rates are low (and hence monthly payments are low). In a way, right now is a bad time to buy if
by Ancalagon 6y ago
We are probably not yet running out of buyers, because interest rates are low (and hence monthly payments are low). In a way, right now is a bad time to buy if you have cash in hand _because_ interest rates are low causing prices to skyrocket and the overall amount of money you would spend on a mortgage to increase over a 30 yr period.
Despite this, I think whales and normal people are buying property all over the place anyways because its one of the few safe, good remaining investments left, and as the article pointed out, people prefer investing in their own homes more than any other asset.