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Timing buying in NYC

Started by nick72
over 12 years ago
Posts: 0
Member since: May 2012
Discussion about
So, I'm in the market for buying a place, but am in no rush. I could put things off for a year or two. My range is 2-4MM and I'll be paying cash, so would it make sense for me to hold out to see if interest rates rise? Secondly, perhaps I'm failing supply and demand 101 here, but I see a lot of talk of a lot of luxury development downtown. I will be purchasing downtown. Doesn't this development coming in the market in the next year or two mean that there will be more inventory and consequently affect the price in my favor?
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