Two Reasons Why You Should Consider Making A Major Purchase Now - Not Later

I don't usually write the kind of blog posts that scream of the "now's the best time to buy" pitches.  I like to educate people about the current market, but I figure when people are ready to buy, they'll buy.

Today, I decided to break my rule and write the post that spells it out; I'll say it in two brief reasons. 

Interest rates and Inflation.  These two are tied together.

If you have been waiting for the bottom to make a large purchase, whether a home, a boat, a car, a whatever...There are two compelling reasons to do it now.

1.  The Fed is printing money by the truckloads as we sit here.  They are purposely inflating the dollar.  If our deficit is growing, Next month, next Season, next Year, I don't know exactly when, but the dollar will be worth less than it is today.  If you buy a house at 5 or 10% less next year, the dollars you borrow will be worth less and cost you more.

2.  To try to ward off inflation, the Fed will raise interest rates, along with other economic factors that warrant inflation.  History is full of examples.  Even if the house you buy is discounted 5% or 10% more next year, you will offset the savings by paying a higher interest rate.

There you have it, in 2 simple statements.  The days of historically low rates are numbered.

                              The Highland Real Estate Group
                                      Chris & Karen Highland
                                          301-831-9947
                                        isell4u2@msn.com