Age old question... buy or wait?

[Greg R.]

Ok, so I know that none of us have a crystal ball. However, I want to get opinions on purchasing in the next 3 months. This isn't tied to any specific scenario, let's talk in the general sense of purchasing real estate. We're seeing the rates go up, but in general inventory is still very low. Do you think there is going to be a crash? or maybe a collapse of the economy, or perhaps the dollar collapses and is replaced by some other currency? How about WW3, nuclear war? Hyperinflation? Or is it a great time to buy? Would love to hear your opinion. 

[Malcomb Stapel]

@Greg R. personally, I've been less concerned with interest rates and finding deals then I have with rising materials prices. For context though, I'm still finding deals in my market, but I do value add. Which means my spot on construction budget might not be so spot on when the price of a 2x4 jumps from $4 to $8 in the span of 6 weeks! That can eat up my overage budget pretty quick. Something to think on if you are planning value add.