A bullish case for buying property now: high interest rates make real estate cheap and unpopular today, but that's exactly why patient buyers could win big.

• The bet is that rates stay high through the early 2030s, keeping real estate unpopular and prices soft.
• That unpopularity is the opportunity — fewer buyers means better deals for those with cash.
• The payoff comes later: rates are expected to fall back toward zero by 2032.
• Whoever buys the most property now can then refinance at rock-bottom rates and lock in cheap payments for years.

Outlook: If rates do drop by the early 2030s, today's buyers could refinance below even the 2021 lows — but the whole plan hinges on that rate cut actually happening.