When rates are cut, should I buy a house immediately? Won't prices start pumping again immediately?

Damn Trump even got the cats employed we're never getting rate cuts

>>60678553
There were eating the cats, now they're employing them

Is this real?

>>60679016
yes anon. About 57% of the cat population is actually economically active

>>60679016
Yes but this is the best of the best, most cats aren't good workers

>>60678541 (OP)
I thought this was the one where he comes home to a cheating cat wife.

>>60678541 (OP)
The fat samples kitty gets me everytime

>>60678541 (OP)
You buy it now and when rates get cut you can refinance. Home prices will jump significantly once you cut rates. If you don't have an extra $1000 lying around every month then you can't afford a home anyways

>>60680133
How much house can $1000 a month get me?

>>60680133
Prices didn’t go down when rates went up like everyone said they would. Why will prices go up when rates go down?

>>60680653
>Why will prices go up when rates go down?
>>60680635
Because prices didn’t go down when rates went up. That's how much demand there is

>>60680681
There’s not much demand at current prices though. There’s not much inventory available either, so supply and demand are somewhat balanced although it seems like there’s more supply available than buyers.
Most people are just priced out of buying or moving (because they can’t afford to lose their 3% loan in exchange for a 7% loan).
I think if rates go down prices might actually come down a little, counterintuitively.
I also don’t think rates will go down though. If the Fed does cut, that doesn’t mean lenders will just start lending for less return while inflation risk increases dramatically. They’re going to continue to want good returns. 3% loans are gone and they’re not coming back.

>>60678541 (OP)
even with low/no interest rates, most banks wont underwrite a mortgage for the wages the vast majority of americans earn. if they want people to get into houses, they need to deregulate and start authorizing subprime mortgages again.

I just need everything to collapse and then my real life can begin

this market fucking sucks

my rental home is the same value as it was 3 years ago

the rent i can charge is the same as it was 3 years ago

cant believe i didnt sell and throw the money in BTC, i would be retired

instead im stuck with a shitty 600k rental home