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re: Housing prices and Interest rates
Posted on 10/12/23 at 8:22 am to questionable
Posted on 10/12/23 at 8:22 am to questionable
quote:
Go ahead and buy what you can afford now and hope that you can refinance in a couple of years if rates come down.
a lot of people have this thought and probably are stretching their budget with that hope.
they are going to be SOL when rates don't meaningfully come down and they're underwater on their mortgage. general population isn't prepared for interest rates to stay high for years to come.
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