16 Comments

1. 

   Urdnought on September 30, 2022 at 7:30 pm

   What if you bought the house at peak price AND get that 8% mortgage? #nailedit

2. 

   RockLobster982 on September 30, 2022 at 7:30 pm

   The difference is that you can eventually refinance the $300K home after the Fed tanks the economy and is forced to reverse course.

3. 

   impulsivetech on September 30, 2022 at 7:30 pm

   Downpayment goes farther, real estate agents make less, less closing costs, etc. There are definitely some wins.

   Less real estate “investors” leveraging to the moon on <3% rates = less demand too.

4. 

   will-reddit-for-food on September 30, 2022 at 7:30 pm

   It’s the same house though.

5. 

   guiltypooh on September 30, 2022 at 7:30 pm

   Couldn’t imagine overbidding in a house and being stuck in it now even with low interest rate, have fun ever trying to sell it

6. 

   josephbenjamin on September 30, 2022 at 7:30 pm

   Was planning on purchasing, but I won’t be. If I buy now, I get shafted through Price & Interest. Not worth.

7. 

   John628_29 on September 30, 2022 at 7:30 pm

   Only cash investors win

8. 

   FaythDarkHeart on September 30, 2022 at 7:30 pm

   Locked a 1.49 4 year fixed last year.

   Thank God

9. 

   NJNED222 on September 30, 2022 at 7:30 pm

   At this time it’s either you can afford it or don’t, there is no try. There won’t be much change in price in desirable areas, so wait and pick a different location for an affordable price. With inflation comes an increase in pay so the drop in price won’t last long before it starts going back up but probably at slower pace.

10. 

    thetimechaser on September 30, 2022 at 7:30 pm

    Why does people banking on a quick rate reduction after inflation is under control feel like the same gamble as people taking insane ARMs ahead of the 08 crash?

    Like who says they’re going to get inflation under control any time soon lol

    Regards

11. 

    DesperateGrab8 on September 30, 2022 at 7:30 pm

    I’m at 1.91 for a 400K house. Will be paid off before the 5 years is up.

12. 

    OddSituations on September 30, 2022 at 7:30 pm

    300 at 8% is easy better.
    The trap should rise instead of sink.

13. 

    josephbenjamin on September 30, 2022 at 7:30 pm

    Was planning on purchasing, but I won’t be. If I buy now, I get shafted through Price & Interest. Not worth.

14. 

    josephbenjamin on September 30, 2022 at 7:30 pm

    Was planning on purchasing, but I won’t be. If I buy now, I get shafted through Price & Interest. Not worth.

15. 

    Make_it_up_quickSLIK on September 30, 2022 at 7:30 pm

    At that point tou just love to bag hold

16. 

    josephbenjamin on September 30, 2022 at 7:30 pm

    Was planning on purchasing, but I won’t be. If I buy now, I get shafted through Price & Interest. Not worth.