Reply to Is it a good time to buy now?

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Reply to "Is it a good time to buy now?"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Buying a house now would be like buying a house right before a real estate crash.

With mortgage rates so high, home prices have to drop but that hasn’t happened yet.[/quote]

+1 grab your popcorn and watch the real estate market crash.  Sustaining these high rates makes it just a matter of time.[/quote]
Why are rates high?  To combat inflation. Housing prices will remain stagnant or increase either due to higher inflation or the lower rates that accompany lower inflation.

There won’t be a real estate crash because [b]the Fed will lower rates before that happens[/b].  The Fed wants to slow the economy, not crash it, and they will lower rates to keep it afloat.[/quote]
And if they can't or won't?[/quote]

Powell has already said he has "tools" to deal with a recession. "Tools" is code for rates cuts. [/quote]
Powell also said the inflation is [b]transitory[/b].

Still believe him and/or his tools?[/quote]

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