Home › Forums › Housing › Future housing purchase – trading up when rates are higher? › That’s a primary difference
That’s a primary difference between rich and poor.
The poor, that includes basically all of us on this blog, buy a poster of a Monet or a Monet knock-off to hang on the wall.
The rich buy a Monet.
When the poor need to raise money, they sell critical assets (their $401K, stocks, etc). The rich sell the Monet.
