re: WSJ: Wall Street Has Spent Billions Buying Homes. A Crackdown Is Looming.

quote:

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One of the reasons you own is that you lock in your payment. 7.5% is a lot, but in 15 years your payment is still locked in

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If remaining locked in at 7.5% interest in 15 years is still the best option then we're in a lot of trouble.

The only thing you truly "lock in" when buying is the home price. You only "date" the rate you're paying.

And rents fluctuate up and down just like the housing market.