House Hacking with High Interest rates!

[Gregory Brown]

Are other house hacking with these interest rates? I've been looking, but I cannot find anything in Sacramento, Ca to fit my budget. I can't sustain the rates for more than 6 months, but I know if I were to get one of these properties and refinance I'll be in a pretty solid place after a while. What strategies are you using if you are house hacking during this time? What markets make the most sense? 

[DJ Dawson]

its unrealistic to expect to have zero cost of living house hacking in this real estate climate (prices, interest rate, and rental costs) don't typically equate to cover the cost of a a house in full. I will say you can drastically reduce your cost of living by house hacking versus renting a 1 or 2 bedroom place to yourself, and get the benefits of loan pay down, tax advantages, etc.

You want to ensure you can also pay the mortgage in full for the inevitable months you will have vacancy.