no, doesn’t make sense with interest rates being so high. best time to buy would be immediately after the rates come down because prices won’t adjust upwards due to market inertia.
Discussion
We're being very cautious with our budget, for that reason. Our hope is to take out a 20-year mortgage and pay it off like a 10-year. Due to amortization schedules, the regular monthly payments are mostly interest until you pay down a decent chunk of the principal. If we can throw a bunch of money at principal early on, we'll be able to build equity faster.
yes, that is smart. It is a good time to buy if you’re buying with all cash.