Reply to Moving to San Francisco. Help us settle our housing debate!

Forum Index » San Francisco Bay Area

Reply to "Moving to San Francisco. Help us settle our housing debate!"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Price is going up, rate will follow once Feds start raising interest rates soon. [/quote]

Not sure I follow but I think I get your gist.[/quote]

Once Fed raise interest rates (people believer it may happen before this CY is over), mortgage rates will go up as well. [/quote]

Thanks, this is what I thought you meant. Appreciate it![/quote]

different PP here.  I would like to add to this comment that as rates increase, your buying power decreases but prices will not.  Sellers don't care what the rates are, they will list their house for what they think they can get and then some and buyers will continue to line up.  If anything an increase in rates after such a very long period of historically low rates will cause an increase in demand for houses because people will start to panic. They will be afraid that if they don't buy now, the rates will continue to go up. 
People have gotten way too comfortable with these rates, there has been no increase in rates in such a long time that people have taken it for granted that rates will always be low.

Anyhow OP, just buy now.  Promise you won't regret it.[/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics