So long as the house you're wanting to buy isn't a shitheap, and you've got enough money to stomach the high interest rates until they crash and you can refinance, there's no reason not to buy property. If you're able to sell and buy in the same market, like we did last year, your high price sale offsets the high price purchase, and you're (hopefully) in a nicer house than when you started.
Peter_Nincompoop t1_je6r2v8 wrote
Reply to Would you buy a house in RI right now? Why or why not? by TransitionSea9480
So long as the house you're wanting to buy isn't a shitheap, and you've got enough money to stomach the high interest rates until they crash and you can refinance, there's no reason not to buy property. If you're able to sell and buy in the same market, like we did last year, your high price sale offsets the high price purchase, and you're (hopefully) in a nicer house than when you started.