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BiggerPockets Real Estate · June 28, 2024 · 48m
Stop Waiting for Rates to Drop: How to Invest Now
Meyer argues that waiting for lower interest rates is a form of market timing that reliably underperforms just buying and holding. Historical data shows that the best time to buy is always when you can afford to.
This summary was generated from show notes and public descriptions, not from a full transcript review. Details may contain inaccuracies.
Canon
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Meyer presents data: investors who waited for the perfect moment consistently underperformed those who bought consistently. Rate timing is a form of trying to control the uncontrollable.
Highlights
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Marry the property, date the rate — you can refinance later but you cannot unbuy a missed opportunity
Meyer coins this aphorism: interest rates are temporary (you can refinance), but property appreciation is permanent. Buying at the right price matters more than buying at the right rate.Was this useful?