3 ms·

As someone in the market for a home and willing to pay all cash, I’m looking forward to this. Right?

• hiram112 4y ago
  Haha, where's your "cash" sitting? I'm in the same boat, but mine is in equities, which have already lost 25% of their value since January, and there's probably more pain to come. Of course I could have kept this cash in a bank or under the mattress, but not only would I have missed out on massive gains over the last few years in the stock market, I'd also now be losing 10% per year to inflation. There is just no refuge in our modern financialized economy - we're all forced into the casino.
  • bergenty 4y ago
    Good point. Partially in my old house and partially in a bond (so I think I’m safe there).
• gedy 4y ago
  Yes, just remember though house prices don't track the mortgage rate immediately. I personally would not buy a house in the next 6 months, as I think prices will trend down.