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[quote=Anonymous] It is the opposite. When rates are very high best time to buy. I bought my first house in Feb 2000 when rates were 8 percent for 280k and put down 120k. Leaving a 160k mortgage. If I waited till 2004 my house was worth $550k with 120k down would have a 430k mortgage. Instead I refinanced in 2002 and paid off house in 2010. The house price is key not rate. A high rate is lower mortgage balance. [/quote] ___________________________________________________ You are assuming that housing prices in DC are going to see a big drop. But there is no evidence of that. The DC market does not see huge swings, either high or low as compared to most marketa in America. DC is a market that is always dynamic and with the influx of tech, aerospace, Amazon, government, international, and political jobs and industries that are ever present , it is foolish to wait and think that we will see a housing crash. This is not 2008. [/quote]
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