Quote:
Originally Posted by flamesfever
The financial people, who are running this country, are saying that interest rates are going to go up fairly soon, and that there could be a significant drop in real estate values ...so please build that into your economics when making investment decisions. It sounds to me like Wormius's wife is his greatest asset, in her tendency to want to be debt free...especially at this period in time.
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What kind of time frame does it take for house prices to start dropping in that scenario? Wish I had some kind of a crystal ball that said "sell the house, rent a place for a year, and then buy back in". It doesn't seem like its that simple though, and we'd probably end up renting a place for so long that whatever gain we had from selling the house would be eaten up by rent. Maybe its more doable if you're a single guy and could rent a cheap place in the interim.