This is a post that does take into consider the loan amounts at 2010 pricing, and low interest rates. Simple and to the point -- if you're thinking about buying . . . think seriously and read this post.
Most economists agree that recent rashes of government spending will ultimately lead to significant inflation. The constant infusion of cash that is intended as a short-term solution will eventually have a long-term effect on the value of a dollar.
One of the best hedges against this expected phenomenon is the purchase of a home during one of the best buyer’s markets in history. With low, low property prices and record low fixed interest rates, there has never been a better time to buy a home.
But if one takes into consideration the fact that a mortgage may be repaid with inflated dollars, the deal only gets better and better. By fixing housing expenses now in terms of the 2010 dollar of today, home buyers will be immune from contrary inflationary economic forces for as long as they own their property.
It’s a tremendous way to protect wealth and to meet your housing needs for decades to come.
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| Carla Muss-Jacobs 503-810-7192 Carla@carlahomes.com |
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Good info, well worth forwarding - and I did so, to a client wanting to cancel a contract.
Hi Michelle . . . oh no!! We don't want to cancel a contract if it's just because of stage freight.
Hi Carla, With fix rates averaging 4.5....it's a no brainer :) jay
When there is inflation we move to housing or precious metals.
Carla-
It is a great time to buy. Low rates. Low prices.
If it's a great time to buy, it must be a great time to both sell and buy.
Because the future is what matters....not the past....
equity you only thought you had anyway.
That is so crystal clear, it's hard to see why more current homeowners aren't acting.
Carla - I like to wait unti the herd runs one way and then I follow. As a matter of fact I always follow because taking risks is risky. I love spending most of my life sticking my head in the sand and living in denial. You are completely wrong! Now I must go and get my $8 Starbucks quad shot, vanilla latte slim iced with a shot of caramel because at $8 it's such a good deal!
Sincerely,
The renter guy with $25 in his checking account.