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Real estate agents always have a narrative about why you should buy now. For example, if rates are rising, a good story is that other people are holding back fr
by fshbbdssbbgdd 3y ago
Real estate agents always have a narrative about why you should buy now. For example, if rates are rising, a good story is that other people are holding back from buying due to rising rates, therefore buyers are sitting out, there is pent-up demand. This was your last change to get in before prices explode when the fed tapers. We know this is wrong with hindsight but it was widely believed. You can’t expect people to predict the course of the bond market.
- latency-guy2 3y agoReal estate agents don't wrap your brain in a plastic bag and throw it out the window over the course of days/weeks/months into a search for what is likely to be the single largest purchase you will probably make in your entire life. Hindsight is not relevant. > You can’t expect people to predict the course of the bond market. If you can't "predict" fed fund rates, then why make predictions on the housing market? The thing that the governments both state and federal is heavily vested with. I think your reasoning is quite flawed. The Tantone's situation is one of unpreparedness and shortsighted to say the least, which as an insurance salesman looks pretty terrible.