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Message
re: interest rates on home mortgages wont fall anytime soon
Posted on 7/25/23 at 3:57 pm to jizzle6609
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
1
Posted on 7/26/23 at 9:32 am to LNCHBOX
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.
quote:
STFU. Compare real wages with home prices from then to now and get back tome on why we should not be complaining
My FIL built his home in 1984 for $34K(which is now worth $300K easily). His interest rate was 17%, if I remember correctly but his salary was $30K and he ended up paying off his house in 6-7 years.
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