Re: RE and inflation: to buy or not to buy - High Interest rate best time to buy??
I'm with jpatter. I bought a house on 28 acres, including a lake 20 miles outside DC in 1995, and everyone tried to talk me out of it. Same for 5 acres of oceanfront in the Florida Keys in 1997. ("Nobody buys real estate. Hold onto that WorldCom stock". Sounds funny now, but I sold a LOT of WorldCom to buy those properties.) But by the time I sold them the same people who said I was crazy to sell said I was crazy to sell. Interest rates weren't an issue as they were both cash purchases.
I still get funny looks now when I tell people I rent, but I expect that to change soon to looks of confusion, then envy.
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