Can you be sure it’ll happen in 2 years? What happen if won’t get to that price for another 5 years? How much would you be paying in rent vs buying? I’m in the camp of government over stepping and cause major inflation. Also, long term average rates are around 8%. So, it’s not out of the range of possibility either. What if it goes to 8+% instead by the time price actually get down to 420k? Right now, you can get down as low as 4.375% w/ some points.
