So you finally got in, but the rate is five, five and a half, six, seven. The down payment assistance is seven, seven and a half. And all of a sudden, it doesn't seem fair, but it's still locked in, right? It's still your mortgage payment that you can count on that isn't going to go up any further. And if anything go down because interest rates will go down. But when, so housing, it's a lock against inflation.

• It's a fixed mortgage payment.
• It's huge tax benefits.
• It's income opportunities.

I can rent out a room because there are a lot of people who can't afford to buy. Could I give them access? I just had to purchase a home. I used a 7% interest rate. My payment's a little bit tighter than I would've liked. I'm going to rent out rooms, or I'm going to lock off the basement that might have stairs, and I can create a little kitchenette and create a little lounge area.

• Can I get creative?
• Can I add the garage?
• Can I rent out the garage?

Some people are, whether they're doing a hobby, whether they're laying low, they're not going traveling, they just need extra space to do their craft, whatever that is. Or storage, maybe they had to downsize. I've got friends that rent out their garages, right? Can we get creative to offset?

You can do that with a home. You can do that with something you own. Not only can you make it your own, but you can also build it out; you can finish it out. You can create a space where you can then create income. The home has a multitude of positives. It has two negatives right now. The interest rates today and home price is going up. Let's talk about those two interest rates today. Where do I think interest rates are going to go?

I think we are going to have a volatile last quarter and could be a volatile first quarter of 2023. Many of the economists in the large banks are all thinking that we have not entered into a recession yet. That we might be in one today, but we will start to see a recession where people aren't traveling, aren't going out to eat, aren't paying for services, aren't still spending, and our consumer spending is still up. So if people stop spending, we will head into a recession. If you go back historically, during recessionary periods, interest rates go down, and in fact, homes appreciate minus one back in 1960 when they didn't. I'm not talking about inflation adjusted, I'm talking about HPI home price indexes appreciate in recessionary periods because those interest rates come down.

Where do I think interest rates are going to go? Listen to this episode of The Double Comma Club, "Using Current Market Volatility To Your Advantage" to find out.