In periods of long-term inflation, most real estate economists advise people who are interested in owning a home to:

Question

Quizplus · Accepted Answer

In periods of long-term inflation, the value of real estate tends to increase over time. Therefore, it is better to buy a home now before prices and interest rates rise even further. Waiting for prices or interest rates to drop may not be a wise decision as there is no guarantee that they will decrease in the future. Leasing with an option to buy may also not be the best choice as it may lead to higher costs in the long run. Therefore, buying now is the best option.

In Periods of Long-Term Inflation, Most Real Estate Economists Advise