Get’s us all thinking about moving on opportunities, and how best to secure bargain pricing. My wife and I are definitly in position to do same, as our now renters with good cash flow, no debts.
Also, I’ll remind everyone of my post about a month or two ago, which many didn’t take seriously. That post warned of INFLATION raising up mortgage rates, making NOW the time to buy because mortgage rates will rise so far and fast that it won’t matter if housing prices keep falling for a couple years.
My wife and I are going to start looking with intent to buy forclosed properties. If mortgage rates go much higher, I will be writing “I told you so” because already inflation (or stagflation) has since (I wrote my post) become the hottest topic on news channels.
Be afraid of inflation, very afraid. If mortgage interest rates jump up to 10%, all this housing price decline won’t matter relative to actual monthly house payment.
Read Rich’s recent posts on inflation. Very very well written, as always.
