Tough call tg… I have been really starting to think that one out myself as well….
I have always been a big believer of stagflation but now I am beginning to question those thoughts. A simple calculation that is pretty much uselss was just running a quick mortgage payment on a 600k loan at 6% gives you a 3597 payment and 6600 (at 1.1%) for annual prop tax. A 540k loan at 7% gives you 3592 payment and about 6k annual prop tax. So that 10% drop breaks you even for these particular amounts. BTW at 8% you need 490k to match the payment.
