JC_451
Autocross Champion
- Location
- NJ, one of the nice parts.
- Car(s)
- 2017 GTI Sport
Definitely true.I think there's more to it than that. A $225,000 house at @ 3.9% ends up costing more money than a $275,000 at 2.2%. Falling interest rates have allowed people to offer higher prices, and still come out cheaper at the end.
That amplifies the purchasing power of people with a lot of cash. It does cut down on the head room you have when you yourself go to sell the house though. If you buy in at 275k but the house was really worth 250k when you outgrow the house in 5 or 10 years maybe it's only worth 275k so you lose out any interest savings to inflation.
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