I'm looking to buy a house in July. Would love to buy one now but makes no sense as I'll have to find a subletter for my current lease, which will add extra costs and risks.
As a result, a lot of my savings is sitting in the cash so not only is it missing out on the historic bull market, but also I'm gonna get killed on rising rates and rising real estate prices. Yellen may raise rates twice before my lease expires, causing a 30 year mortgage to be 4.75% or higher! On top of that, real estate market is hot right now as everyone is looking to buy before the rate hike
I would love to be able to hedge the 2 risks of rising rates and rising real estate prices.
Submitted February 15, 2017 at 08:47AM by lolkkkkkkkkk http://ift.tt/2lQ36WD
