Why do an all cash transaction when interest rates are so low? Looking at interest rates tracking house prices over the last couple of years, the monthly payment seems to have stayed the same, tracking the prices pretty closely relative to interest rates. If you do all cash, it seems you’re paying a premium price that’s premium due to low rates, but not getting the benefit of the low rate? Or is it because the rates on an investment property are too high?[/quote]
because I have the money sitting in a money market account earning 0.01% interest.
I think stock market is a bit frothy right now so don’t want to put money there.
we went to look at 3 properties this past weekend but were not interested in any of them.
will update in the future…
