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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: Tradelite who wrote (11827)7/28/2003 6:19:59 PM
From: J. P.Read Replies (2) of 306849
 
Tradelite, you just described my exact plan. I'm gonna hold off on buying until I can get those bargains from the divorced couple, or the TV execs leaving town at a loss.

What's the worst that could happen if I wait a year or two or three? The front end of a 30 year is all interest anyhoo. I could save that money up that would have been interest and in two or three years when I buy then it's all principle. I personally don't need the "forced" savings plan. The way I see it, interest rates are creeping up again, and that should slow the refi rate down, and that should slow down the people selling and moving to a bigger house. Why would they sell out and trade up to a bigger mortgage at a higher interest rate?

You wouldn't just buy a stock at any time. You would check the charts and attempt to buy it on a dip. You wouldn't buy it right after a big runup would you?
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