I bought several of the calibur of properties (which are listed at $320K to $400K today) in a 9-12% mortgage interest-rate environment and ended up coming out just fine after selling 🙂
It isn’t going to get any easier to buy a roof over your head in SD County.[/quote]
It is MUCH easier to make a profit on an asset purchase (especially one that is usually purchased with debt) when interest rates are high and inflation is high. Buying when inflation and interest rates are at/near historic lows, and prices are historically high, does not bode well for capital appreciation going forward.
