ATTENTION CENTRAL LOUISIANA!!! Check out this post from Richard Weisser in Georgia.
I have been saying it is a great time to buy a home with interest rates in the 4% range on a 30 yr fixed, now it seems as those most economists agree with me!
Now is the time!!
Paige Walker, Century 21 Millennium, Pineville, Louisiana
Most economists agree that recent rashes of government spending will ultimately lead to significant inflation. The constant infusion of cash that is intended as a short-term solution will eventually have a long-term effect on the value of a dollar.
One of the best hedges against this expected phenomenon is the purchase of a home during one of the best buyer’s markets in history. With low, low property prices and record low fixed interest rates, there has never been a better time to buy a home.
But if one takes into consideration the fact that a mortgage may be repaid with inflated dollars, the deal only gets better and better. By fixing housing expenses now in terms of the 2010 dollar of today, home buyers will be immune from contrary inflationary economic forces for as long as they own their property.
It’s a tremendous way to protect wealth and to meet your housing needs for decades to come.
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