The problem with that kind of bust, is that the all-cash investor vultures will beat you out. I went through this in 2012 - with the market AND interest rates at near-bottom. The cash investors will beat you every time - no loan contingencies, no inspection contingencies. Additionally, a crash of this magnitude will freeze the credit markets, or at least make banks super picky, so getting a mortgage will be hard. We only got our house in 2012 because our realtor convinced a flipper mid-flip to stop renovations and sell out to us.
(no subject)
Date: 2024-05-21 03:10 pm (UTC)