Instead of a 5 year loan you just save up to buy a house? I suppose this is just a hypothetical? Because even when interest rates were high, people were not ge

Instead of a 5 year loan you just save up to buy a house? I suppose this is just a hypothetical? Because even when interest rates were high, people were not generally buying their homes in cash. That's like saying instead of renting for years you could just save that rent money and buy a house after a few years. And with low rates, no one was buying a house with just a 5 year mortgage either. The only reason you are seeing a lot of cash buyers right now is that you have lots of people who have sold their homes at inflated prices after buying years ago at near nothing and now that prices are falling, they have the cash to buy. But that won't last and it will soon be back to only the small group of people with very big incomes or family money and investment firms that are buying in cash.