Lincoln #1

The speaker is addressing questions about interest rates and whether it is better to buy a house now or wait for rates to decrease. They suggest looking at history, specifically mentioning that in 1971 interest rates were at 7.33%. Waiting for rates to drop would have meant not buying a house until 1993, resulting in 22 years of renting. Additionally, if a house was bought in 1971, its value would have quadrupled. The speaker advises not to wait, but instead to buy real estate and wait for its value to increase. They express agreement and enthusiasm for this approach. I've gotten a lot of questions about interest rates recently. People are asking, should I buy a house now, or wait for the interest rates to go down? Well as you know, we should all learn from history. Let's look back in 1971. In 1971, the interest rates were at 7.33%. If you would have waited for rates to drop, you wouldn't have bought a house until 1993. You would have rented for 22 years while you waited for the rates to go down. You would have rented for 22 years while you waited for the rates to go down. And your house would have quadrupled in value if you bought in 1971. Don't wait to buy real estate. Buy real estate and wait. Like it? I think so. Sound good?