Jun 30, 2022
10:30:15am
10:30:15am
And unnaturally low interest rates are a big cause of that home price run.
People buying at the edge of their income barely qualifying with dual incomes and unsustainably low rates delivers us a scenario where houses are out of reach for many with just a modest interest rate adjustment.
It’s a little scary.
It’s a little scary.
- Bio page
- Big Daddy D
- Joined
- Jul 3, 2003
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- May 5, 2024
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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
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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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