4 ms·
> a few points of interest are not going to dissuade my decision Perhaps not, but if you run the math you'll see a "few points" very quickly means you'll have
by Alupis 4y ago
> a few points of interest are not going to dissuade my decision
Perhaps not, but if you run the math you'll see a "few points" very quickly means you'll have to buy much less house than you may have desired.
- jeffbee 4y agoEr, either that or the seller is going to get a much lower price than they desired. In reality, a linear solution of these two conflicting desires.
- Alupis 4y agoThere's a lot of opportunist sellers with locked-in sub 4% rates that are only selling because they can make a quick buck. I think we'll see desperate folks buying overpriced homes half the size that they could have afforded just months ago
- colinmhayes 4y agoOr the housing market liquidity will collapse as all the would be sellers sit on their house while they wait for rates to go back down.
- aschearer 4y agoTend to think this is what will happen. Unless you have no choice what advantage is there to move if your interest rate is less than 4% in today's market? Almost certainly moving will mean a smaller/worse home for more money each month.