Quote:
Originally Posted by Yellow_Festiva
I think I will hold off on buying till at least the 2nd or 3rd quarter of next year now rather than the first quarter.
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And this will put a floor on how far the market can ever drop here - investors. With rents soaring, that floor is probably higher than ever, with the consequence being that if rates really do go up 2.5-3%, FHBs will remain priced out. Next year will be a great time for those with lots of cash in the bank.