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Updated almost 4 years ago on .

User Stats

10
Posts
13
Votes
Joseph Johns
  • Tucson, AZ
13
Votes |
10
Posts

Lets be honest, the market!

Joseph Johns
  • Tucson, AZ
Posted

What are you thoughts on all the overinflated prices. Houses selling for extremes. (In my opinion)

Buy a house for 300K at 2.8%

One year later its worth 225K..........


You are stuck. Cant sell it. Considering you have a good mortgage payment cause the offset of lower rates makes it comparable on the sliding scale(lower prices, higher interest vs lower interest higher price).

The Catch: You can't sell. You are in it for the long haul.

Thoughts. And Go!