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Posted on 1/20/23 at 10:14 pm to
Posted by Dominate308
South Florida
Member since Jan 2013
2895 posts
Posted on 1/20/23 at 10:14 pm to
My parents paid 9% interest on their house and didn’t complain. Maybe people are spoiled.
Posted by GAFF
Georgia
Member since Aug 2010
2452 posts
Posted on 1/20/23 at 11:28 pm to
I get the "rates are still historically low" comments because historically they are. One thing that always fails to get mentioned though is how homes in that period weren't selling for $300k+. 7% on $60k and 7% on $300k are night and day. Of course the sub 4% rates didn't help with the conditioning as home prices increased over time. Personally I'm hoping to just she 5% again soon.
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