Originally posted on 04/18/2022:

Quote Originally Posted by JIBBBY View Post
Mortgage rates are going up now. Sucks for first time home buyers looking for lending now and even on a fixed rate.

Pay all cash if you can and you avoid those rising interest rates period. That's what I'm doing with my commercial properties now on the 1031 tax exchanges. Buying all cash is so easy and fast also. Sellers love it, no drawn out escrows with all cash offers. Usually get a little better deal also with all cash offers.

Cash is king in recessions also.
Jibby I’m sure we all just have cash to buy a house laying around and if we did no shit pay cash for it?

Jibbys advice guys: if you have cash pay cash avoid interest fukin best advice I’d ever heard never thought about it I’d rather sit on my millions and pay interest for no reason