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BiggerPockets Real Estate · June 28, 2024 · 48m
Stop Waiting for Rates to Drop: How to Invest Now
Meyer argues that waiting for lower interest rates is a form of market timing that reliably underperforms just buying and holding. Historical data shows that the best time to buy is always when you can afford to.
Canon
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Meyer presents data: investors who waited for the perfect moment consistently underperformed those who bought consistently. Rate timing is a form of trying to control the uncontrollable.
Highlights
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Marry the property, date the rate — you can refinance later but you cannot unbuy a missed opportunity
Meyer coins this aphorism: interest rates are temporary (you can refinance), but property appreciation is permanent. Buying at the right price matters more than buying at the right rate.