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A comment on A global house-price slump is coming. Parent comment

Re:A global house-price slump is coming by ako on Friday October 21, 2022 @01:50PM (#33290942)
You’re probably better off buying at 7% than at 2.75% if housing prices are adjusted. You get the house for less, more room for profit when you sell. Also, if you’re force to sell, it’s better to do this on a loan of 750k rather than 1m.
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Re:A global house-price slump is coming by makestuff on Friday October 21, 2022 @02:12PM (#33291188)
Also if interest rates go down again in the next decade you can always refinance.
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Re:A global house-price slump is coming by s1artibartfast on Friday October 21, 2022 @02:55PM (#33291730)
That all depends on how long you stay and inflation rates.
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Re:A global house-price slump is coming by mancerayder on Friday October 21, 2022 @06:26PM (#33293648)
That's true but so far in many markets (like the Northeast) inventory doesn't seem to be rising. And thus prices aren't coming down.

So it's a double whammy of high interest rates with the pricing from 2021. It's wild out there folks.

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