Interest Rates vs Economical Downturn
Is it best to buy now or wait for the bubble to pop?
Interest rates are at a record low and in many metro markets like NY, SF, LA, real estate prices are at a record HIGH.
Is it best to buy now and take advantage of the extremely low interest rates or wait for the bubble to burst and buy real estate at a discounted price but likely at a higher interest rate?
Everyones input would be beyond appreciated.
Thank you all.
Most Popular Reply
#3 Contractors Contributor
- Contractor
- Los Angeles, CA
Buy and do what? Always buy low and sell high. There's only one NY and one LA. These markets have different rules, I also believe that we are still not at peak, record is just that, a record, it doesn't mean it couldn't go higher. I personally believe the last one is the worse and with all protection from banks/government, we might be extending the cycle from 7 years to 10-12.