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re: ‘Seriously Underwater’ Home Mortgages Tick Up Across the US

Posted on 5/9/24 at 10:20 am to
Posted by jcaz
Laffy
Member since Aug 2014
15697 posts
Posted on 5/9/24 at 10:20 am to
Got lucky with 2.5% in 2020. My home will always be viewed as a home and not an asset. $1100/month when apartments are $1600/month. Yikes
Posted by kywildcatfanone
Wildcat Country!
Member since Oct 2012
119430 posts
Posted on 5/9/24 at 2:18 pm to
quote:

Got lucky with 2.5% in 2020. My home will always be viewed as a home and not an asset. $1100/month when apartments are $1600/month. Yikes


Yep. I'm at 2.25% on a 15 year loan from.2020. My payment is less than post people are paying for 2000sq ft and I have 3x that amount of finished sq ft.
The only way I can move is to be sure I can buy/build for less than I sell for.
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