Blog Buyer Cost comparison: the long-term financial implications of higher interest rates

Cost comparison: the long-term financial implications of higher interest rates

By Jessica LeDoux, December 2, 2022

Is investing in a home now financially favorable? Recently one of our favorite lenders, Steph Noble, sent around this helpful comparison:

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As always, buying longevity in your home is going to give you the most bang for your buck. When looking at the long-term trajectory of the market combined with today’s lower home prices and increased buyer opportunities, there is still a strong case to be made for purchasing now.

Jessica LeDoux

Broker | OR

She/Her

JESSICA LEDOUX Licensed Broker Lead Buyers Agent Oregon is where Jessica’s heart lies. Born and raised in Portland, Jessica grew up in Concordia and bought her first home in North Portland in 1996. She was seduced by the front porch of a 1920’s bungalow and as a young 20 year old there were so many factors she did not know to take into consideration when choosing her home. After 5 years of restoring the home, it was time to move and the seed had been planted – her love of restoring homes was born. It took a few more projects and years for her to make the choice to enter Real Estate. In 2006 she got her license and set out to empower people with information and encourage inquiry beyond the basic needs in a home, which was something she wished was provided to her when she bought her first home. As her Real Estate career developed she found joy in helping buyers the most, which led her to specialize in buyer representation. Jessica loves helping buyers consider all angles, future needs, and possible roadblocks in a home. Her goal is to empower a buyer with choices and to consider the unchangeable elements of a home to better ensure many years of happiness in their new home. Buying right is the most important factor to protecting your investment and she takes this very seriously, which is why helping buyers eliminate homes in order to get to the right one is her top priority. She believes wholeheartedly in the power of investing in real estate. She brings this wealth of technical housing knowledge, intimate familiarity with the city, and investment experience to her counsel for homebuyers, but it is her commitment to buyer advocacy (and seeing the impact this has on people's lives) that most inspires her and has kept her engaged and in love with her job after all these years. Jenessa V.  Licensed Buyer Team Operations Manager jenessa@livingroomre.com  When I first joined our team in 2019 I had been feeling dispirited about real estate. I'd been a realtor for several years and had a strong desire to find increased meaning within an industry that didn't always reflect my values. The thing that kept me returning to real estate despite this was the zing of happiness I felt when I helped clients through the home-buying process and witnessed them on the other end having accomplished a dream or otherwise empowered. To me, the role of a realtor is one of stewardship. I am proud to be on this team because the level of informed honesty, ethical counsel, and all-around excellence we offer is truly unparalleled in this industry.  Working as the Operations Manager on our buyer team means I get to focus on all my favorite parts of the job. I'm hyper-attentive to detail and delight in tending to nuance; transparency and communication are critical. If you are at ease knowing the train is running smoothly and if I answer your questions (maybe even before you've thought of them), then I've done my job well. I'm an introspective person and I view my sensitivity as a strength. I enjoy listening and taking the time to thoughtfully respond so we can move through the home buying process with intention together. I think searching for a home is about identifying your fundamental values and assessing how the decision you make about where you live can best support the life you want to lead.  On the more personal side, when I'm not working I'm probably writing or thinking about language. Give me a stack of good books and I'm happy. I'm a creative thinker and a maker - I love great design and discovering new outlets for expression. I don't ever want to stop learning. Putting my hands in dirt is just about the most invigorating thing I can think of and my little garden is my sanctuary. I like to dance at home so free that it makes other people laugh. I love to sing. I freaking love my family. Branda Tiffany Licensed Buyer Team Assistant  branda@livingroomre.com  Branda grew up in the neighboring state of WA and has a deep love for the PNW. After moving to the east coast for a brief time in the early 2000s, she settled in Portland and has felt at home since day one. This city has embraced her entrepreneurial nature and allowed her to grow both personally and professionally. Branda has been a small business owner for over 20 years and has learned invaluable lessons along the way. Her experience has instilled high-level problem-solving skills and a "reach for the stars" mentality. Moving into real estate was a natural progression, and one that she is passionate about. Branda brings a sunny, positive attitude to life and work, and puts this to use for her clients every day. She is an incredible communicator and intuitive advocate. In her free time, you may find Branda walking in the park with her pup, exploring new places around Portland with her husband, or curling up with a good book.   Karim Alaeddine | Operations | Principal Broker Licensed in OR | karim@livingroomre.com Kim Parmon | Lead Listing Agent | Principal Broker Licensed in Oregon | kim@livingroomre.com Andee Zeigler | Licensed Listing Team Operations Manager | andee@livingroomre.com Jenessa VanZutphen | Buyer Operations Manager | Licensed in Oregon | jenessa@livingroomre.com  Branda Tiffany | Buyer Agent Assistant | Licensed in Oregon | branda@livingroomre.com 
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  • T: 503-310-5816
  • Jessica@livingroomre.com

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