Looking to buy a home? Don’t.

yeah, just wait until interest rates are 10% 😭

It’s a balancing act right? It’s possible this is the lowest rate we’ll see for the next 5-10 years. Especially when we consider your discussion from a couple months ago: 2 of 5 homes don’t have a mortgage & even more were able to lock in sub 3% rates, making an abrupt housing market correction unlikely. And most people I know would never buy one of the new cardboard box homes from Lennar, DR Horton, etc. All that to say: As insane as it sounds, in a worst case scenario, this could sadly be the best time to buy for the foreseeable future.

Don't let mortgage rates dictate your plan. If you need a home and can afford it, by all means go for it. If it doesn't fit in the budget, then hold off

Yes, please keep renting, from me.

@JonyG23

1970's was around 18%

.... because 🫵 live in a GLOBAL -economy- & have the Worlds Reserve Currency = the entire 🌐 is losing faith [TRUST] in the United States of America 🫵 have to take the BAD because 🫵 have had it so GOOD 👌🆗🫡 this is how it work(s) 🦎🧠'z

If bearish, thinking rates will increase, why not lock it in? If rates decrease and you’re bullish - refi. Better to build equity than rent. Real problem is “equity” is a shared hallucination.

Correct

Better than renting. At least youre building equity and paying of your own house instead of someone else's. I swear this is all a psyop to make people rent more.

still waiting on that market dip