hit 21%. Like everything else in life, u figure out how to move the needle in the given circumstances.

I was building a small home with unfinished basement at the time. If I had not finished by Oct, my construction loan would not have automatically converted to a permanent loan at 12%. I barely made it or it would have been 21%.

Up until about a year ago, current generations have enjoyed the easiest money and lowest interest in my lifetime. A lot of very young people made a ton of bank off that. Others waited for “the crash” that never came and missed out. The dip that did come was pretty small and did not come close to offsetting the increase in interest rates.

What does one do now? Buy small or wait and hope. Things change. Be ready when opportunities arise.

Maybe live with your Boomer parents and save up some cash for a down payment.