Is it a Good Time to Buy a Place?
Looking at condos in Miami and feeling kinda torn. Rates going up this year but nothing crazy. Buy now and enjoy the benefit of historically cheap debt financing or wait a bit for the market to cool down and for supply to overwhelm demand?
anyone
It's good if you don't plan to sell in the short term, bad if you're just speculating and will need to move within 3 years (some say 5).
I'm gonna stay 5 years but would it make more sense to wait a year or so for rate hikes and demand to cool off...or it doesn't matter
It will be good if you keep your stock for 3 years, bad if you make a rash decision and need to move within 3 months.
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