High interest rates do not mean high prices. High interest rates merely mean credit is scarce. Global wage arbitrage pretty much guarantees nobody is getting a big pay raise anytime soon. That was the 70’s.
High interest rates are your friend if you are a first time buyer. It means lower prices, not higher. Especially when combined with stricter lending standards which are sure to accompany the higher interest rates. Coming soon to an unwilling lender (who’s busy hoarding cash) near you!
