Purchased a property in late 2021 with a sub 3% interest rate. I’m in a fairly hot market & the home has appreciated a fair amount + the renovations I’ve made. With interest rates quickly rising & an expected economic correction and/or severe recession on the horizon, would it be wise to hold through while potentially renting it out or sell, sit high cash, & capitalize on potential opportunities
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Purchased a property in late 2021 with a sub 3% interest rate. I’m in a fairly hot market & the home has appreciated a fair amount + the renovations I’ve made. With interest rates quickly rising & an expected economic correction and/or severe recession on the horizon, would it be wise to hold through while potentially renting it out or sell, sit high cash, & capitalize on potential opportunities submitted by /u/trey_mont [link] [comments]
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