[quote=sdrealtor]Josh
For prices to drop substantially around here we would need to see high rates…much higher interest rates and the payments would likely be higher than today as prices would most likely not drop by as high a percentage as rates rise by. In that scenario are you personally any more capable of a buyer? Do you have a big pile of cash set aside?[/quote]
Totally agree. Unless you’re an all cash buyer, total cost of purchase (P+I) is more important than just the price.
