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> OTOH, if you're buying a house or bought one recently, I admire your optimism, might I also interest you in a bridge? Is this a reference to the "date the ra
by FooBarBizBazz 3y ago
> OTOH, if you're buying a house or bought one recently, I admire your optimism, might I also interest you in a bridge?
Is this a reference to the "date the rate, marry the house" play (which is supposed to be relatively short term, on the order of 1-2 year timescales)? (I.e., the strategy of buying something you can't really afford now in the hopes of refinancing soon at an anticipated lower rate.)
Or is this a reference to longer-term demographic issues -- the "boomergeddon" thesis, that as that generation dies off there will be excess housing capacity?
- AnarchismIsCool 3y agoThe former, just about everyone is buying with an ARM and expects rates to fall this year, but with that not likely to happen they're mostly just setting more money on fire than they would be renting at the moment. Boomergeddon is a fun thought experiment for y/z but the US has made it far too difficult to build affordable housing at a rate matching the population growth of the country. The more likely effect IMO is y/z will just never see the levels of net worth growth the boomers did.
- FooBarBizBazz 3y agoGotcha. And, agree on both counts.