Who cares about interest rates going up if I’m locked in for a decade or three? What I’m looking for is a steady predictable income, keyed to inflation, to supplement my freelance/small-business endeavors. Rents are highly unlikely to decrease in the areas where I’m looking, since they’ve basically been stable for a long time, increasing slightly with inflation.
I doubt prices will plummet — adjusted for inflation, they’re already at levels that existed when rates were MUCH higher. Appreciation would be nice, but it ain’t the goal here.
And lastly, I know someone (good family friend) who came from abroad 40 years ago and was VERY successful at this game while also working as an electrician. It can be done.
