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Real Estate
Reply to "RE Market Crystal Ball"
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[quote=Anonymous]Am I the only one who thinks that houses right now at $600k with interest rates at 3.75% are going to be much lower priced (from a purchase price vantage point - ignoring monthly payment) when rates go higher? Unless we have significant inflation, wages aren't going to go up enough - prices will have to dip again to keep monthly payment level or increasing on a slower keel, right? I realize maybe the payment will stay the same, but if you are putting money down, I would think it would be better to buy at a low price when rates are higher? FWIW we're not trying to time anything - we are looking right now and whatever we buy we're planning to stay in, but I don't think prices are that great now for those reasons. -Skeptical of agents and everyone saying now is the time to buy - not sure it is...[/quote]
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