IMHO these are pretty good deals. I hope these type of deals will be around when I’m ready to buy in 2 years.[/quote]
I don’t think you have to worry too much about that. there’s going to be distress in these type of neighborhoods for the next few years.
what I don’t know is how the interest rate would look like by then.[/quote]
If we assume the likely scenario that the interest rates will go up over the next years then more homeowners at Stonebridge will end up defaulting and home prices will drop.
