Who here has taken advantage of low interest rates?
The rate for 30-year fixed is around 3.5%.
Inflation historically is 2.5%. That means a real interest rate of only 1%. With interest rates in savings accounts at 0.5%, there is no point in holding on to money (other than for emergency funds). I've gotten two 3-bedroom homes in Northern Virginia and refi'd twice. One is on a 15-year loan. It's also easy to find renters now that no one is buying and the renter's market is flooded. I've had no vacancies for 2 years. |
I should be. But am not.
I should be looking at a house rental purchase if I were smart. |
Quote:
|
Quote:
Small rooms are in the hottest demand because the foreclosures sapped people's income and their ability to pay high rent. http://www.economics.uci.edu/files/e...obmktpaper.pdf |
All times are GMT. The time now is 06:02 AM. |
Powered by vBulletin® Version 3.8.2
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.