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Fixed rate mortgage SHOULD be safe, for a time anyways, if we go hyperinflationary.A little off topic.
I've recently saved a significant amount of money to be used for down payment on my first home, inflation being what it is, concerns over home prices, etcetera.
Am I foolish to hold large sums of cash opposed to taking on more debt than I believe would be responsible for said purchase?
Do any of you believe the real estate market will correct? Before the big crash many speak of?
Thanks everyone, you all and the knowledge I gain here is much appreciated.
It will take a bit of time before THEY figure a way go legally breach everyone's contracts & turn them adjustable.
IMO.
As towards market crash? Yup, coming. However also depends upon location & such as towards how bad.
Some metro areas were "barely" affected by the last one...