On this episode of the Loans Elevated Podcast, Broch talks about the cost of waiting and just how costly it can be.

Real estate should be viewed as a long term investment and it’s not something which the market can be timed on, despite rates being at a high right now. Broch runs us through his calculations which finds that a $600k purchase price, with 20% down would be $2650/month. Data from April 2022 suggests that anticipates Saltlake metropolitan area will appreciate by 15.8%, meaning the same $600k property $694,800, meaning you would pay $2535/month, if the rates slid 30%. Buying now and refinancing in a year would be the optimal way to go. Broch calculates the net cost of waiting is $113,760.  Don’t Wait!

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