Quote:
Originally Posted by Gerbs
My brother is buying with majority cash. Strategy will be offering $900 - 1K/sqft for all 2BR 2BA properties. His realtor was suggesting to offer $900K for a 770 sqft in mount pleasant.
He's taking an L either way though. His payments are more than if he bought at higher price low interest lol. But low price, high interest is better than high price, high interest.
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At least he will lock that "lower price" and his payments will be predictable for the forthcoming future. We're gonna hit peak rates the end of this year and from there it will either hold or go down next year.
Whereas me, I literally just moved into my place last week and I'm already 1 hike away from my trigger rate... lol...