22 Propaganda: people regret buying a house now (archive.ph) posted 1 year ago by AlfredicEnglishRules 1 year ago by AlfredicEnglishRules +23 / -1 29 comments share 29 comments share save hide report block hide replies
7% isn't that bad of a rate, in my memory I can recall 12% mortgages.
Granted, no one would be able to afford the $500k McMansions everyone buys these days, but I don't see the down side of that, personally.
Lol $500k McMansion. Dude that barely gets you a starter home in some parts of the country.
$500k will buy you a shack or a townhouse around here. It's pretty demoralizing.
The old "Fixed at 3% and adjust to 12% after 2 years"