Owning your own home

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ChasnotRobert in reply to @hippy

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".

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hippy in reply to @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).

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ChasnotRobert in reply to @hippy

Yeah, Detroit scenario seems unlikely.

Soft market could equal 10-15% off peak prices though.

In general I agree with "who knows what might happen?"

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