Recession doesn’t imply rate is going down The worse kind of recession is stagflation. This is what Market is worried about. Recession with rate going down is boom time for RE. I believe the moment Fed announces a rate cut, property would make a 5-10% jump in prices. I don’t know when Fed would announce a rate cut, so I bought a SFH… not in Austin MSA, in Houston MSA recently. Actively looking around for another one.
Frankly, I believe US economy has already entered a recession… I think Fed fudges the methodology… as opposed to other nations, either fake the number or don’t bother to publish… different culture, different way to obscure the reality. Crows are black regardless where they are.
In the good old days mortgages were assumable
We also had wrap mortgages. In the early 80s people got very creative in getting around the Volcker terror campaign.
I’m amazed someone hasn’t come up with a similar program for this market. Maybe it does exist, and I haven’t seen it yet. It’d be more similar to renting to someone, then they buy later when rates are better. I’d want a large down payment to take on the risk though. I wonder what % mortgage servicers would want to administer it.
This chart is even better. It overlays the current 30-year rate on the effective rate chart. Homeowners are sitting pretty. It’s the home buyers who are suffering.
True, so probably more teaming up (partnering) or Mommy and Daddy will be asked to help out earlier than later.
I have been digging on Bill Perkins’ book " Die With Zero" and he does suggest that you do want to help out your kids way earlier when it is more beneficial or meaningful and you would also benefit from seeing that as well. I highly recommend this book!!!
JPow is doing America a favor. Rates have been too low for too long… everybody think money is free… got their asses handed to them. This is the time to see who are prudent and what businesses are long term rock solid.
It’s only when the tide goes out that you learn who has been swimming naked.
I’m actually building a small data dashboard to help answer this question as well. Tired of all searching through a million pages, just give me the data so I can crunch and optimize!
The worse kind of recession is stagflation. This is what Market is worried about. Recession with rate going down is boom time for RE. I believe the moment Fed announces a rate cut, property would make a 5-10% jump in prices. I don’t know when Fed would announce a rate cut, so I bought a SFH… not in Austin MSA, in Houston MSA 
