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You’re probably better off buying at 7% than at 2.75% if housing prices are adjusted. You get the house for less, more room for profit when you sell. Also, if y
by ako 4y ago
You’re probably better off buying at 7% than at 2.75% if housing prices are adjusted. You get the house for less, more room for profit when you sell. Also, if you’re force to sell, it’s better to do this on a loan of 750k rather than 1m.
- makestuff 4y agoAlso if interest rates go down again in the next decade you can always refinance.
- s1artibartfast 4y agoThat all depends on how long you stay and inflation rates.
- mancerayder 4y agoThat's true but so far in many markets (like the Northeast) inventory doesn't seem to be rising. And thus prices aren't coming down. So it's a double whammy of high interest rates with the pricing from 2021. It's wild out there folks.