This is a YouTube video titled "🚨 Waiting until next Year to Buy? 🚨" containing a monologue or presentation discussing the financial implications of buying a house now versus waiting, focusing on rising house prices and interest rates as of September 2021.
Lets start with a $350,000 house today. At a 3% interest rate, that's about $1,900 a month on the total mortgage payment. Then let's look at those who wait. House prices are going up. 10% is conservative. They just did 19% in the last 12 months. Interest rates are also going up. Fannie and Freddie are estimating 3.7% this time next year. Makes that same house $300 a month more expensive. Those that waited from 2020 to 2021 saw house prices go up. That's not stopping now. You add in the interest rates and those who wait really are going to pay.
