Not worried in the least. I just met with a builder to add a 2BR/2BA unit on that will have a 5 to 6 year payback with an insane cap rate.
You do not understand how this all works which is why you missed out on the GOOAL! Its not that interest rates dont matter its that there are still lots of tools out there like hybrid adjustable rate mortgages as well as massive amounts of cash and buyers. Tightest market in the country! GOOAL!
