With the Fed printing $40,000,000,000 dollars every single month...with no backing, inflation is going to hit us. There is no doubt about that! You need to have solid assets that are real. I was watching Glenn Beck a few nights ago and he stressed that we need to plan for the future.....by having tangible assets. Interest rates are still at an all time low and will probably go even lower.....maybe down below 3% And house prices are at an all time low. This winter they will probably drop again. When inflation hits, housing will go up....rents will go up, mortgages, interest, house prices will all go up. Those who have bought houses when houses and interest rates were low, will be able to keep their investments, and the investment will go up! It is the best hedge against inflation. Not only do you get to live in your house and enjoy it, but your money will be in a safe place! Housing prices in Portland Oregon have begun to go up, but they are still very low compared to what they were and what they will be in th future! It is not the right time to buy! I remember in the 1980's when interest rates went up to 21% Normal mortgage rates were always 9.5% It is hard to remember those times, but they will be back! Maybe that is why sellers are not putting their houses on the market in Portland. There are so many buyers out looking to buy a house, but not enough houses for them to buy! If you want to find out more about the neighborhoods of Portland and where a good neighborhood to buy a house in, go to my website and look at the Portland Neighborhood Guide!
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