It’ll happen slowly then all at once. Be ready to make a move in the next couple years. Be patient, but pounce quickly.
Also, a stranger will present an opportunity. Don’t keep your authentic self under wraps. If you can hold your nerve and invest in a friendship, you may realize gains while romance is favored by Mercury.
Anyway interest rates are not going down to 2% anytime soon so don't hold your breath. People who bought/refinanced in 2020-2021 will probably never sell.
US is more flexible than say Europe in this (and other aspects of society) but I have no doubt this applies there too.
Yes it's hard to begin with but compound inflation soon erodes the value of the debt.
No it doesn't. When you buy a house your price is locked in.
It assumes wages track inflation which is generally the case.
I also made no assumption as to whether this is a peak or trough in the housing market. Obviously it's better to buy at the bottom but that requires market timing. But in either scenario, assuming wages track inflation, the value of your mortgage is eroded faster, the higher inflation is.
They may not be able to sell for 10-12 years if prices move down like they did in the last real estate down cycle. There is a reasonable risk that this process has already started.
https://data.sca.isr.umich.edu/get-chart.php?y=2022&m=9&n=41...
Okay - great, houses are 50% cheaper than they were in 2021, but now you got laid off your old job and are making only 60% of your previous pay check after 4 months of unemployment, and inflation and interest rates continues to rise
“Two ways,” Mike said. “Gradually and then suddenly.”