Or the economy crashes to the point where prices drop and the fed lowers interest rates to try to stimulate the economy, but the economy is so bad that you don’t have a job to be able to qualify for a loan.
Yep. Everyone hoping for a crash or collapse has a very narrow view on the situation. It should be easier to profit by adding property onto the market and harder to profit off holding onto them.
The $500,000 house will be $250,000 but the 6% interest rate will be 24% and the 10% deposit will be 25%.
Or the economy crashes to the point where prices drop and the fed lowers interest rates to try to stimulate the economy, but the economy is so bad that you don’t have a job to be able to qualify for a loan.
Yep. Everyone hoping for a crash or collapse has a very narrow view on the situation. It should be easier to profit by adding property onto the market and harder to profit off holding onto them.