3 ms·
How much did they pay for that house though?
by redisman 5y ago
How much did they pay for that house though?
- dominotw 5y agoexactly!! i would rather pay less for the house.
- tagoregrtst 5y agoYou can get cheap houses in the US if you’re willing to live outside select cities. If you’re an IT guy with potentially little impact on your salary. That being said, we’re in this weird regime where interest rates set the market price of homes (since people can only afford $x/month no matter the interest rate with no wiggle room)
- tagoregrtst 5y agothey paid more than double then what they bought it for. Interest at 11% over 30 years is larger than the principle.
- voisin 5y agoWhy not refinance when rates decline?
- tagoregrtst 5y agoIf they fall within the lifetime of the loan. 11% interest rates werent a one year thing. That being said, I keep forgetting refinancing is one of the great American blessing we dont enjoy elsewhere. And Ive refinanced twice already :D
- jcadam 5y agoThey did not hold the house very long :)