Reply: 1.1
From: Owen .
Good point Rolf.
Say an average 2br apartment cost $280k now and the I/O interest rates are 6%.
280000 * 0.06 = 16800 * 5 = $84,000 in interest over 5 years.
If you wait until the market drops say ~10% but interest rates have risen to 8%. A 2br apartment now costs...