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Reply to "I was so close and now I’m shut out"
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[quote=Anonymous][quote=Anonymous]but will there be equity gains now that are as significant as the last few years? If I buy now - I feel like I'm buying at the top of the market - which may not go down but I doubt will go up as significantly as it has. its easy to look back and say yeah - should've bought that 900k home a couple years ago - but what do we do right now. This. There definitely will not be equity gains like there have been. People looking at the appreciation are looking at 15 years of decreasing interest rates. For thirty+ years the interest rate on a 30y fixed was 7-7.5%, with a period of double digits in there. Could go that way again. OP might be compounding her losses by buying now when rates are going up and staying up for “some time,” specifically to address the housing crisis.[/quote] +1 The worst thing to do right now is assume home prices will keep going nowhere but up and panic buy. Wait and see how the next 6-12 months shake out.[/quote]
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