-
Still low rates though so just smash it before they get crazy when Brexit fucks the country.
Idle speculation: will house prices plummet quicker than interest rates go up? Or will it all roughly balance out so the actual cost of buying somewhere will not change significantly
Asking for a friend...
Edit: should say "armchair speculation".
ChasnotRobert-
I doubt there will be any house prices plummet. There might be a few more places available due to more repos from people who thought the low rates would last forever but I can't see big money being knocked off except maybe high end overinflated shit. I know nothing though. But housing does seem pretty stable (unless you're in Detroit).
-
Idle speculation: will house prices plummet quicker than interest rates go up? Or will it all roughly balance out so the actual cost of buying somewhere will not change significantly
Asking for a friend...
Edit: should say "armchair speculation".
May 2008 to Feb 2009 house prices dropped ~16%, then came back up again:
hippy
Dammit
That's my beer budget for the first 20 minutes of a 'work do'.
Still low rates though so just smash it before they get crazy when Brexit fucks the country.