[quote=CA renter]Yes. It’s the old high price/low rate vs. low price/high rate argument.
This is why in the last interest rate/price thread, I said that someone who was putting very little down would probably want to buy now because of the very low rates and fairly low prices in the more affordable/low-income neighborhoods. Not because prices won’t come down, but because their **monthly payment** would probably be at or near its lowest point right now.
For those who are putting 50-100% down, it’s probably best to wait, as we might (hopefully) see higher rates and lower prices, which is what you want if you are putting more down. There will be fewer competing buyers, and cash buyers are looking to get the most bang for their buck. They are much less interested in monthly payments.[/quote]
I think that is why homeowners will be ok buying now but flippers will get killed.
Oh I forgot. Flippers will be made whole by our democratic goventment that believe in the free market . It is not NOT NOT! croney capitalism or socialism…….no way ….no way…… hell just buy 1000 houses…you will be fine.
