And suddenly, everyone is an expert…
I rarely chime in on news drama. Until today.
There are so many conflicting stories about interest rates and housing bubbles. Should I buy now? Build now? Wait till rates or prices go down? What to do, what to do.
Here’s my take: It is a personal decision and at the end of the day – no matter what – it doesn’t matter what anyone says or thinks, you need to do what is best for you and your family. You are the one who has to make the mortgage payment, not the news media or economists. You.
Real estate has and always will be always be a great investment. Yes, rates are high…but you can always refinance when the rates go back down. It is not like you have to keep the high rate for 30 years. Buying a house is a long term investment, your interest rate doesn’t have to be.
The interest rate on rent will always be 100%.
Thank you so much for reading today. I hope that I made you smile and think a little bit. To reach me, visit SALending.com