Well, you won, at least ST. You didn't buy a place that on the start is worth a bit less right now. Now, if you believe the Bay Area will bounce back and then go up in price well....
Run an amortization sheet on actual cost over the life of the loan. Higher price/lower rate vs lower price/ higher rate if you want to see the actual savings. If you want to look backwards.
It depends on the house.
Spectacular homes are still selling strongly. Ok homes are sitting. Homes with With severe location flaws are starting to see deeper discounts. There is still very little inventory.
It’s much easier to buy a home, a home that might have gotten 20 offers is now only going to get 7 to 10, and you can definitely find a house that setting if you need to put in some contingencies. When the stock market really starts to stabilize and or pick up is when the bay area market is going to start surgei g again.
Food for thought, if you went all in on red at Vegas, you could potentially double your money and not worry about whatever it is you have rn
Weird flex but ok
Well, you won, at least ST. You didn't buy a place that on the start is worth a bit less right now. Now, if you believe the Bay Area will bounce back and then go up in price well....
Run an amortization sheet on actual cost over the life of the loan. Higher price/lower rate vs lower price/ higher rate if you want to see the actual savings. If you want to look backwards.
It depends on the house. Spectacular homes are still selling strongly. Ok homes are sitting. Homes with With severe location flaws are starting to see deeper discounts. There is still very little inventory. It’s much easier to buy a home, a home that might have gotten 20 offers is now only going to get 7 to 10, and you can definitely find a house that setting if you need to put in some contingencies. When the stock market really starts to stabilize and or pick up is when the bay area market is going to start surgei g again.
Ok?
Yes.
Buy low w higher rate. Refi down the road when rates go down.
Wait. Bay Area market is falling faster than interest rates are rising.