3 ms·

Low interest rate doesn't mean low monthly payment

• riku_iki 4y ago
  It means monthly payments are lower than if person would sell and buy with higher interest. It is very strong incentive to not sell.
  • rcpt 4y ago
    But it also means that recent buyers might have stretched and won't be able to make payments. If stocks do badly or someone gets laid off they'll need to sell and downsize or rent