Whatever Myiot. You don’t want to raise your kids in “temporary rental housing”. What was the home they are moving from if not temporary owned housing? But you’re sure you will live in your new home until they are grown. Right.
What’s the point? Housing is high but renting is as well. I’m not willing to rent any longer and sacrifice not having stability in hopes of getting $80K or 90K more off a home. In the end, higher interest rates will mean the same payment anyway or a landlord raising prices will mean the same.
How will higher interest rates mean the same payment? Don’t you understand economics at all? Higher interest rates will make home prices drop faster. There’s only so much buying power. Most aren’t rich like you or at least don’t brag about their good fortune. It won’t be “the same payment anyway”. Also, renting is a lot cheaper than buying. It’s high, but not near buying currently. But I agree the cost to rent will be a lot closer to that to buy in the future. However, it will be from home prices dropping, not the other way around.
