When property values are going down and you want to sell, that’s bad. But when property values are going down and you want to buy, that’s good!
So pretty soon there’s going to come a paradigm where these interest rates are still low enough, and the prices of things get low enough, that you can either as a first time home buyer or as an empty nester, sell and move, or have your little deposit that you’ve saved up over the years have enough power now, as a percentage of what these lowered costs are going to leverage, that the buying power of these lower interest rate mortgages becomes much greater.
So don’t throw aside the city as being a dark, dangerous, hard place. Look at the cities ... . Look at what’s available; there are things there that I think might surprise you.
Duo Dickinson
Duo Dickinson.com
Architect
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