This whole argument of “gotta get in while rates are low” is BS. If you have “low rates” so does everyone at the time you’re buying. People don’t buy homes they buy monthly payments. Rates go up, payment goes up; prices come down. Furthermore some jackass will be like “yeah but cash buyers”. Guess what, buying a house cash is more stupid the lower rates are. I won’t lay it out for you, put some effort in.
“But but real estate is an inflation hedge”. Right because as rates go up your home value will increase? Think on that.
People act like renting is a wasting money because they don’t consider the opportunity cost of putting the DP into a fully liquid position like stocks. Apparently the only options are to either rent and “throw away money” or “invest” in the house. No one every brings up the fact your down payment can be invested as well.
All this from a multiple property owner, just felt people need a kick in the ass.