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You assume low interest rate has no negative effect in long run. In 30 years the house may be worth $100M on paper, but is unsalable and in neighbourhood that l
by throw8932894 5y ago
You assume low interest rate has no negative effect in long run. In 30 years the house may be worth $100M on paper, but is unsalable and in neighbourhood that look like Detroit .
- helen___keller 5y agoIf the house can’t be sold, that’s not the value on paper. Valuations are made based on real sales of comparable properties in the area.