Thank you John.
Here is another way of looking at it. Even if interest rates and the lowered pricing resulted in the same monthly costs, are there no advantages to having less debt or a better equity position?
Whoever buys using the logic demonstrated in you italicized quote,especially if they reasonably anticipate depreciatation ,as most here do….
…might have a debtor mentality. That said there is legitmate concern for interest rates. Hopefully the factor is considered appropriately and absolutely without fear. At this point it seems that concerns over a depreciating market and potential recession would have more weight in decision making than interest rates, especially if one is going to make a relatively highly leveraged purchase.
