Key Takeaways
- We may not currently be in a recession, but we are experiencing some atypical circumstances in our economy, especially the housing market.
- There are several reasons to consider buying a home during recessions – the two main reasons are less competition and lower prices.
- There are also several potential drawbacks, like sky-high interest rates, a floor on pricing decreases, and potential income changes if the U.S. does officially slide into a recession.
When we talk about personal finance, we often like to think in blanket rules. We like these mental shortcuts and standardized answers because they present seemingly simple solutions.
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