The Tale of “The Waiter” — And How Waiting Cost Him Big
Meet Eddie “The Waiter” Walters.
No, not that kind of waiter — Eddie doesn’t carry trays.
He carries excuses.
Eddie’s hobby?
Waiting for the “perfect time” to buy a home.
Every time mortgage rates dipped, Eddie said:
“Nahhh, they’ll drop more. I’ll wait.”
Every time a great home hit the market, Eddie shrugged:
“I bet prices will cool off any day now. I’ll wait.”
Every time his loan officer warned him that insurance or taxes were rising, Eddie confidently replied:
“Doesn’t matter. Rates will save me. I’ll wait.”
His friends called him “The Waiter.”
(And not in the Michelin-star kind of way.)
Chapter 1: The Home Eddie Loved
Back in early 2024, Eddie found a home he loved.
Price? $450,000
Rate at the time? 6.5%
His payment looked good enough…
But Eddie’s inner Waiter spoke up:
“Let’s just wait until rates drop another half percent.”
“What’s the rush?”
“If I wait, I’ll get a steal!”
So Eddie passed.
Chapter 2: The World Keeps Moving
Rates did drop — hooray!
But the universe, being the spicy storyteller it is, added a few plot twists:
Home prices went up (because inventory was tight)
Insurance went up (because 2025 is still 2025)
Property taxes went up (because assessments happen)
Eddie didn’t notice at first.
He was too busy bragging to coworkers:
“Watch me buy the same house with a lower payment. Just wait.”
(Oh, Eddie…)
Chapter 3: The Return of the House
One year later, Eddie checks the market.
The home he loved?
Gone.
But the twin house next door is available.
The price?
$463,500
Appreciation’s a beautiful thing…
Unless you’re Eddie.
Insurance is up. Taxes are up. Everything is up — except Eddie’s sense of urgency.
Still, Eddie’s pumped because rates are now 6.0%.
He runs the numbers.
Chapter 4: The Waiter Gets Served
Eddie expects a lower payment.
He does not get a lower payment.
Why?
Because while The Waiter waited…
The home went up $13,500 in value
Insurance climbed $40/month
Taxes climbed $25/month
PMI nudged upward
And the lower rate simply couldn’t save him
His new payment?
$95 MORE per month than if he had bought the year before.
Even with a lower rate.
Chapter 5: The Lesson
Eddie sits at his kitchen table (in his rental), staring at the calculator like it personally insulted him.
He whispers to himself:
“How… how did I pay more? I waited!”
Because in today’s housing market, The Waiter doesn’t win.
The Buyer wins.
The Doer wins.
The One Who Takes Action wins.
The Waiter?
Well… The Waiter pays more.
Moral of the Story
If you’re thinking of buying, don’t be like Eddie “The Waiter” Walters.
The market is moving — and waiting for the perfect moment can cost you:
Higher home prices
Higher insurance
Higher taxes
Higher PMI
And higher monthly payments, even with a lower rate
The perfect time to act is the time that protects your wallet — today.
Don’t become the next “Waiter.”
Reach out today and let Northeast Financial show you exactly what buying looks like right now — with real numbers, real options, and real savings opportunities.
📞 Call us today: 844-788-7237
📧 Email us: [email protected]
Northeast Financial — Helping you buy smarter, not later.
