Jun 30, 2022
10:25:13am
10:25:13am
This take has been bad every time it comes up. Houses are 5-6x income now….
Back then it was 1-2x income. Whole different ballgame with higher prices.
I’d rather finance a home that is $100k at 19% vs $600k at 6%.
Wages have been destroyed vs the price of home appreciation.
I’d rather finance a home that is $100k at 19% vs $600k at 6%.
Wages have been destroyed vs the price of home appreciation.
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- Atmospheric_Cougar
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- The_Cuss
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- Aug 23, 2016
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- Mar 21, 2023
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6/30/22 10:22am
I bought a condo when I was a student at BYU and my rate was 8.25%. In remember calling every day to check the rates and
6/30/22 10:24am
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Median house size is also double with smaller families. $100k @ 19% is $1600/mo P&I. Adjusted for '75 inflation, $8600
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