> I keep telling friends that i would rather buy a home with a lower price but higher rate/apr than vice-versa. You can always refinance, but you'll never be able to change the price you've paid.
This is true, but assumes that prices drop significantly rather than merely stop rising like crazy and also doesn't include that if you're renting, you never get that rent back from the period of time you were waiting.
This is true, but assumes that prices drop significantly rather than merely stop rising like crazy and also doesn't include that if you're renting, you never get that rent back from the period of time you were waiting.