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It must be nice to get a mortgage at ~3.1% or less. Do you realize that you would be paying over 50% more per month for that same mortgage today? Would you st
by daveguy 3y ago
It must be nice to get a mortgage at ~3.1% or less.
Do you realize that you would be paying over 50% more per month for that same mortgage today?
Would you still consider that a super good deal that you can't imagine anyone not taking?
Rate lock-in isn't that great with a high interest rate, because you are going to need to pay thousands to refinance.
I get where you're coming from, but it's a different analysis today than it was 3 years ago.
- whateveracct 3y agoOh yeah right now - it's time to rent. If this was the economy in summer of 2020, I would've probably kept rolling with my apartment (which I did like a lot) while continuing to stash away liquid savings for when buying a house became a good deal again. But this article is about "Forever" Renters. I highly doubt buying a house will never be worth it if you follow the above path.