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Real Estate
Reply to "Is it a good time to buy now?"
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[quote=Anonymous]I think it’s a decent time to buy (not as good as a few years ago during peak COVID when some were fearful of city living) if you can pay all cash and aren’t expecting significant appreciation in the near term. However, if you’ve already got a serviceable home with a low mortgage, I definitely wouldn’t sell that home just to buy another with cash. That’d be like setting cash on fire. Just parking your cash in treasuries will get you 5.5% interest, and I doubt area home prices will increase more than 5.5% per year while 30yr mortgage rates remain at 7+%. I think home prices are likely to remain stagnant over the next 2-3 years and will resume their march upward only after long-term rates fall below 5%.[/quote]
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