I would say look for a year.
But you better not dilly dally too long. I was reading a report about how a countries economy mainly the United States, changes as your demographics shift over time.
My big takeaway was these 20 to 50 year low interest rates we have been seeing for the last 5 years or so are about to go away as the boomers are shifting their account balance away from stocks while also changing contributions to money markets, credit and mortgage backed securities some times gold too.
So in 3 to 5 years we're back to "a 7% mortgage is good deal". So right now the credit market is flooded with money and very soon that money is going to be drained out at an incredible rate.
So if you have some capital heavy endeavor to embark on you better do it in the next 3 years. Probably the sooner the better.
For example a just shy of $200,000 mortgage like what we have will end up costing around an additional $40,000 for every 1% higher the interest is. So with historically normal interest rates my $300,000 total loan payoff now goes up to over $400,000.
That's been the norm, by the time you pay off your house you pay 2x the sale price.
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1984 chevy suburban, custom made 6.5L diesel turbocharged with a Garrett T76 and Holset HE351VE, 22:1 compression 13psi of intercooled boost.
1989 firebird mostly stock. Aside from the 6-speed manual trans, corvette gen 5 front brakes, 1LE drive shaft, 4th Gen disc brake fbody rear end.
2011 leaf SL, white, portable 240v CHAdeMO, trailer hitch, new batt as of 2014.
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