This analysis is all moot if you believe that we are in a era of quasi-permanent low interest rates. Look at Japan … consider the mortgage rates over the last 20 years or so. With the government picking and choosing what it wishes to call “inflation” and the fed with access to the green B-52’s and Apache’s there is no reason to “expect” higher interest rates. Yes, it is possible but I see no reason to “expect” them. I personally think it is a lot easier for the gubament to drop rates than it is to raise them and the free market hasn’t set interest rates for a long long time.
“Better to have bought near the low, so that you are always able to sell at any point in the future.”
lol – no offense CA renter but that quote gave me a chuckle … 🙂
Actually, in this day and age it is probably best to put as little as your own money into a home purchase as possible so that you can give it back to the bank at any point in the future …
