In other words, ALL interest-rate environments, and ESPECIALLY high interest-rate environments are GREAT for buying property![/quote]
Not if you have to finance most of the purchase. I agree that it is best to buy once and stay put. I agree that most people would be fine with living in 1200 sq feet…etc.
The reality is that most people don’t follow this sound advice and trade up. My question is do the Piggs think that the move up type market (properties >600K) will soften in the future because of the disincentive for FTB to close out a 3.5% loan and take on a 7% loan (or whatever it is in the future).
I generally don’t like to trade a good investment for a bad one. I would think that other FTB would not want to also.
