Loading ...Who knows what the true value is?? If you borrow at 4% per year to buy a house, and wages are too low, and the house drops by 4%, you just paid a REAL 8%. By that measure rates are very high these days to buy a house, which is connected to maintenance costs, property taxes and insurance. May as well rent.
I explained the deposit side in prior post. You take what you can get and like it. In fact, if collected zero interest on your savings, and that house dropped by 4%? You just got a REAL 4% on your savings to buy that house.