Rents vs. Rates | #shorts
00:00:00.000 | What's cool is that interest rates can be refinanced and you can
00:00:04.180 | refinance your mortgage at any point.
00:00:05.800 | So it's not like, Oh, I'm paying 7% right now on my mortgage.
00:00:08.820 | Okay, fine.
00:00:09.400 | Well, in two years, if they go back down, you refinance into a 5% or 4%.
00:00:12.900 | You're not stuck for life with that.
00:00:14.520 | But what doesn't typically and almost historically always go down as rents,
00:00:19.680 | rents typically go up because inflation tends to go up, rates go up and down.
00:00:23.260 | So it's kind of like dollar cost averaging.
00:00:26.000 | When things go down, you just refinance to get the lower rate.
00:00:28.200 | And then you lock in that rate for the next few years.
00:00:30.280 | If they go down again, you just refinance again.
00:00:32.480 | So I don't worry about rates right now because rates are temporary.
00:00:35.200 | Rents are going up.