Hope you're ready for another 2008 market crash
(twitter.com)
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I am. Been ready for years. I locked interest rates on my mortgage in anticipation of this scenario. So far it seems to go down so I am just losing money.
My neighbor bought his house for 775k with a 2.8% rate around the same time I just bought mine. Our houses have gone up in value to almost an even $1m. I've kept my sub-3% rate while he just remortgaged and took out 300k in equity to buy an RV and wound up with a 7.5% rate. What a fool.