Better to buy when the rates are going up because nobody wants to lend as easily in a low interest rate environment and that pushes down home prices. If you have cash on hand you are golden. You can always refinance when rates go back down to get that cash you fronted back in your pocket. Paying with cash also makes it easier to get a good deal on a home. if you're in California your property taxes are based on the value at the time of home sale and can only go up 2% each year.
That said, home prices probably wont crash simply due to inflation. Good to have your money parked in a home when inflation is high as home value tends to track inflation in the long term.
Better to buy when the rates are going up because nobody wants to lend as easily in a low interest rate environment and that pushes down home prices. If you have cash on hand you are golden. You can always refinance when rates go back down to get that cash you fronted back in your pocket. Paying with cash also makes it easier to get a good deal on a home. if you're in California your property taxes are based on the value at the time of home sale and can only go up 2% each year.
That said, home prices probably wont crash simply due to inflation. Good to have your money parked in a home when inflation is high as home value tends to track inflation in the long term.
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