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re: interest rates on home mortgages wont fall anytime soon
Posted on 7/25/23 at 3:44 pm to Carson123987
Posted on 7/25/23 at 3:44 pm to Carson123987
quote:
I offered 10k over asking on a house 2 years ago and someone beat me. Buyer tried pulling me into a bidding war and I said no. Was getting 2.75%
Now I'm still renting and rates are in the 7s. Disgusting
Honestly noone should complain.
Mortgage rates were much higher in the 80's so anyone born in the 70's or before does not care that people are carrying a 7% mortgage now.
4
Posted on 7/25/23 at 3:47 pm to jizzle6609
quote:
Mortgage rates were much higher in the 80's so anyone born in the 70's or before does not care that people are carrying a 7% mortgage now.
Maybe rates were higher but all houses were like 15k back then. You could work a summer job and pay cash for it
Posted on 7/25/23 at 3:48 pm to jizzle6609
quote:
Honestly noone should complain.
Mortgage rates were much higher in the 80's so anyone born in the 70's or before does not care that people are carrying a 7% mortgage now.
compare avg income to avg house price from then to now as well and you will see the difference
Posted on 7/25/23 at 3:52 pm to jizzle6609
quote:
Honestly noone should complain.
Mortgage rates were much higher in the 80's so anyone born in the 70's or before does not care that people are carrying a 7% mortgage now.
This is completely ignoring outside factors like the price of housing.
Posted on 7/25/23 at 3:57 pm to jizzle6609
quote:
Honestly noone should complain.
Mortgage rates were much higher in the 80's so anyone born in the 70's or before does not care that people are carrying a 7% mortgage now.
STFU. Compare real wages with home prices from then to now and get back tome on why we should not be complaining
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