During periods of high inflation like we are experiencing in 2022, should you hold off on buying a home? Realtor Josh Anton explains why it’s still an excellent time to purchase a house.
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00:00 – INTRO
00:41 – FIXED COSTS
01:25 – INVESTMENT
02:24 – AVOID COMPETITION

Contact info:
Josh Anton – josh@greathouseteam.com
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Buying A Home During Inflation? 3 Good Reasons

Inflation can be a major concern for potential homebuyers, as rising prices can make it more difficult to afford a new home. However, there are also some compelling reasons why buying a home during inflation can be a smart decision. Here are three good reasons to consider buying a home during inflation.

1. Lock in a lower interest rate

One of the key reasons to consider buying a home during inflation is the opportunity to lock in a lower interest rate. When inflation is on the rise, central banks often respond by raising interest rates to curb inflationary pressures. This can make borrowing more expensive for homebuyers, as mortgage rates tend to follow the lead of central banks.

By purchasing a home during a period of lower interest rates, you can potentially save thousands of dollars over the life of your mortgage. Locking in a low rate now can provide long-term financial benefits and mitigate the impact of inflation on your housing costs.

2. Hedge against rising rental prices

Inflation can drive up the cost of living, including rental prices. As landlords seek to offset the impact of inflation on their own expenses, they may raise rents for tenants. This can make homeownership a more attractive option, as mortgage payments are typically more stable than rental prices over the long term.

By buying a home during inflation, you can establish a fixed housing cost for the foreseeable future, providing financial stability and protection against rising rental prices. This can be especially beneficial in a high-inflation environment where rental affordability becomes a growing concern.

3. Build equity and wealth

Another compelling reason to consider buying a home during inflation is the opportunity to build equity and wealth. While inflation erodes the purchasing power of money over time, real estate has historically proven to be a valuable asset that can appreciate in value and act as a hedge against inflation.

By purchasing a home during a period of inflation, you can potentially benefit from the long-term appreciation of real estate and build equity in your property. This can provide financial security and a valuable asset that can appreciate in value, even as other investments may struggle to keep pace with rising prices.

In conclusion, while inflation can present challenges for homebuyers, there are also several good reasons to consider buying a home during inflation. By locking in a lower interest rate, hedging against rising rental prices, and building equity and wealth, purchasing a home during inflation can be a smart investment that provides long-term financial benefits. If you are considering buying a home, it may be worth exploring your options in the current inflationary environment.