3 ms·
It's even more skewed than that because $600 of that is principal, so you're just effectively paying $1,000 interest net if you assume the house appreciates at
by throwaway_4ever 5y ago
It's even more skewed than that because $600 of that is principal, so you're just effectively paying $1,000 interest net if you assume the house appreciates at $0. However we know long term it's at least the long term targeted inflation rate of 2% (and could be 7-10% for some periods).