Should I wait a year for lower interest rates to buy something? Why buy now?

[Alex Silang]

Titles says it all. I'm ready to buy but according to Financial Times, markets are predicting 1 full percentage drop in rates this year. I was reading a report and an "expert" was predicting 1.5 next year. That's 2.5 percentage points. 

Why buy now, when we're virtually guaranteed a lower rate in a short time period? 

[Greg Scott]

Millionaire investors are never waiting for the right time.  They are always looking for great deals and always buying if they find one.  In the frothy times, those great deals are harder to find.  Right now they are getting easier to find.

Most millionaire investors are also contrarians.  The easiest time to find good deals is when everyone is afraid of the market, similar to now.  When rates come down and a bazillion new investors jump in the market is the worst time to find deals.

Finally, I'll leave you with this.  If rates come down and I already own a lot of property, aren't I in a better position to take advantage of the great rates?  I don't need to find a deal. I just refi a bunch of my properties into lower rates.