Mortgage rates are over 7. Not that long ago they were 3.5 or something. Winning!
Oh no!
Over 7%!!!
Only worth like $1000/month to the buyer on a $400k mortgage. No biggie.
Mortgage rates can go all the way to 7?!?!
unprecedented
if you're under 30
You’re such a dishonest little shit. Look at the median cost of a home.
I realize you don’t give a fuck because at 65 or whatever you’re across the finish line on your home loan, but this is a huge problem for people in their 20s and 30s wanting to own their own house.
But keep up with the snark and glib replies that always fall flat. Even the dummies on this board see right through your bullshit.
Mortgage rates are over 7. Not that long ago they were 3.5 or something. Winning!
Oh no!
Over 7%!!!
Only worth like $1000/month to the buyer on a $400k mortgage. No biggie.
Mortgage rates can go all the way to 7?!?!
unprecedented
if you're under 30
You’re such a dishonest little shit. Look at the median cost of a home.
I realize you don’t give a fuck because at 65 or whatever you’re across the finish line on your home loan, but this is a huge problem for people in their 20s and 30s wanting to own their own house.
But keep up with the snark and glib replies that always fall flat. Even the dummies on this board see right through your bullshit.
10.25% was an issue when I bought my first home too.
You seem to ignore the fact that sellers are also impacted by rising rates.
But rates at 3 - 4% was always going to be the aberration.
Mortgage rates are over 7. Not that long ago they were 3.5 or something. Winning!
Oh no!
Over 7%!!!
Only worth like $1000/month to the buyer on a $400k mortgage. No biggie.
Mortgage rates can go all the way to 7?!?!
unprecedented
if you're under 30
You’re such a dishonest little shit. Look at the median cost of a home.
I realize you don’t give a fuck because at 65 or whatever you’re across the finish line on your home loan, but this is a huge problem for people in their 20s and 30s wanting to own their own house.
But keep up with the snark and glib replies that always fall flat. Even the dummies on this board see right through your bullshit.
10.25% was an issue when I bought my first home too.
You seem to ignore the fact that sellers are also impacted by rising rates.
But rates at 3 - 4% was always going to be the aberration.
Mortgage rates are over 7. Not that long ago they were 3.5 or something. Winning!
Oh no!
Over 7%!!!
Only worth like $1000/month to the buyer on a $400k mortgage. No biggie.
Mortgage rates can go all the way to 7?!?!
unprecedented
if you're under 30
You’re such a dishonest little shit. Look at the median cost of a home.
I realize you don’t give a fuck because at 65 or whatever you’re across the finish line on your home loan, but this is a huge problem for people in their 20s and 30s wanting to own their own house.
But keep up with the snark and glib replies that always fall flat. Even the dummies on this board see right through your bullshit.
10.25% was an issue when I bought my first home too.
You seem to ignore the fact that sellers are also impacted by rising rates.
But rates at 3 - 4% was always going to be the aberration.
At some point the serfs are going to wake up and realize they would rather be able to own property vs get a free abortion. They rightfully should come for your social security also.
Mortgage rates are over 7. Not that long ago they were 3.5 or something. Winning!
Oh no!
Over 7%!!!
Only worth like $1000/month to the buyer on a $400k mortgage. No biggie.
Mortgage rates can go all the way to 7?!?!
unprecedented
if you're under 30
You’re such a dishonest little shit. Look at the median cost of a home.
I realize you don’t give a fuck because at 65 or whatever you’re across the finish line on your home loan, but this is a huge problem for people in their 20s and 30s wanting to own their own house.
But keep up with the snark and glib replies that always fall flat. Even the dummies on this board see right through your bullshit.
10.25% was an issue when I bought my first home too.
You seem to ignore the fact that sellers are also impacted by rising rates.
But rates at 3 - 4% was always going to be the aberration.
Great, and what was the cost of that home? It doesn't work when home prices are incredibly inflated and rates are skyrocketing
If you think the macroeconomic climate is remotely comparable to whenever you were young, you're as addled as Biden
Mortgage rates are over 7. Not that long ago they were 3.5 or something. Winning!
Oh no!
Over 7%!!!
Only worth like $1000/month to the buyer on a $400k mortgage. No biggie.
Mortgage rates can go all the way to 7?!?!
unprecedented
if you're under 30
You’re such a dishonest little shit. Look at the median cost of a home.
I realize you don’t give a fuck because at 65 or whatever you’re across the finish line on your home loan, but this is a huge problem for people in their 20s and 30s wanting to own their own house.
But keep up with the snark and glib replies that always fall flat. Even the dummies on this board see right through your bullshit.
10.25% was an issue when I bought my first home too.
You seem to ignore the fact that sellers are also impacted by rising rates.
But rates at 3 - 4% was always going to be the aberration.
Great, and what was the cost of that home? It doesn't work when home prices are incredibly inflated and rates are skyrocketing
If you think the macroeconomic climate is remotely comparable to whenever you were young, you're as addled as Biden
Black Rock is able to buy houses at these rates and prices.
Doubtful the Big Guy is getting his standard 10% off the top for cornering the housing market.
Mortgage rates are over 7. Not that long ago they were 3.5 or something. Winning!
Oh no!
Over 7%!!!
Only worth like $1000/month to the buyer on a $400k mortgage. No biggie.
Mortgage rates can go all the way to 7?!?!
unprecedented
if you're under 30
You’re such a dishonest little shit. Look at the median cost of a home.
I realize you don’t give a fuck because at 65 or whatever you’re across the finish line on your home loan, but this is a huge problem for people in their 20s and 30s wanting to own their own house.
But keep up with the snark and glib replies that always fall flat. Even the dummies on this board see right through your bullshit.
10.25% was an issue when I bought my first home too.
You seem to ignore the fact that sellers are also impacted by rising rates.
But rates at 3 - 4% was always going to be the aberration.
Great, and what was the cost of that home? It doesn't work when home prices are incredibly inflated and rates are skyrocketing
If you think the macroeconomic climate is remotely comparable to whenever you were young, you're as addled as Biden
In fact, those two conditions cannot co-exist for very long.
I bought into the year 1990's "incredibly inflated" home values and paid 10.25% for the loan. The price then seemed just as absurd then as prices do now and within the year there was a "correction". And interest rates came all the way down to 6 - 7% too by 1993.
Mortgage rates are over 7. Not that long ago they were 3.5 or something. Winning!
Oh no!
Over 7%!!!
Only worth like $1000/month to the buyer on a $400k mortgage. No biggie.
Mortgage rates can go all the way to 7?!?!
unprecedented
if you're under 30
You’re such a dishonest little shit. Look at the median cost of a home.
I realize you don’t give a fuck because at 65 or whatever you’re across the finish line on your home loan, but this is a huge problem for people in their 20s and 30s wanting to own their own house.
But keep up with the snark and glib replies that always fall flat. Even the dummies on this board see right through your bullshit.
10.25% was an issue when I bought my first home too.
You seem to ignore the fact that sellers are also impacted by rising rates.
But rates at 3 - 4% was always going to be the aberration.
Great, and what was the cost of that home? It doesn't work when home prices are incredibly inflated and rates are skyrocketing
If you think the macroeconomic climate is remotely comparable to whenever you were young, you're as addled as Biden
In fact, those two conditions cannot co-exist for very long.
I bought into the year 1990's "incredibly inflated" home values and paid 10.25% for the loan. The price then seemed just as absurd then as prices do now and within the year there was a "correction". And interest rates came all the way down to 6 - 7% too by 1993.
Nothing new under the sun.
Just because it has precedent doesn't mean it's nothing to worry about. In addition, you're ignoring several distinctions:
(1) influx of institutional money into residential real estate (e.g., BlackRock as someone mentioned above, Vanguard, RedFin, Zillow, etc.)
(2) influx of foreign interests (Chinese in particular)
(3) wages have not risen as a commensurate level to housing prices and it's not close
Mortgage rates are over 7. Not that long ago they were 3.5 or something. Winning!
Oh no!
Over 7%!!!
Only worth like $1000/month to the buyer on a $400k mortgage. No biggie.
Mortgage rates can go all the way to 7?!?!
unprecedented
if you're under 30
You’re such a dishonest little shit. Look at the median cost of a home.
I realize you don’t give a fuck because at 65 or whatever you’re across the finish line on your home loan, but this is a huge problem for people in their 20s and 30s wanting to own their own house.
But keep up with the snark and glib replies that always fall flat. Even the dummies on this board see right through your bullshit.
10.25% was an issue when I bought my first home too.
You seem to ignore the fact that sellers are also impacted by rising rates.
But rates at 3 - 4% was always going to be the aberration.
Great, and what was the cost of that home? It doesn't work when home prices are incredibly inflated and rates are skyrocketing
If you think the macroeconomic climate is remotely comparable to whenever you were young, you're as addled as Biden
In fact, those two conditions cannot co-exist for very long.
I bought into the year 1990's "incredibly inflated" home values and paid 10.25% for the loan. The price then seemed just as absurd then as prices do now and within the year there was a "correction". And interest rates came all the way down to 6 - 7% too by 1993.
Mortgage rates are over 7. Not that long ago they were 3.5 or something. Winning!
Oh no!
Over 7%!!!
Only worth like $1000/month to the buyer on a $400k mortgage. No biggie.
Mortgage rates can go all the way to 7?!?!
unprecedented
if you're under 30
You’re such a dishonest little shit. Look at the median cost of a home.
I realize you don’t give a fuck because at 65 or whatever you’re across the finish line on your home loan, but this is a huge problem for people in their 20s and 30s wanting to own their own house.
But keep up with the snark and glib replies that always fall flat. Even the dummies on this board see right through your bullshit.
10.25% was an issue when I bought my first home too.
You seem to ignore the fact that sellers are also impacted by rising rates.
But rates at 3 - 4% was always going to be the aberration.
You bought that home for less than $50k. You also were much younger than the avg 1st time buyer today at 36. Things are multiples worse for them today because of people like you.
Mortgage rates are over 7. Not that long ago they were 3.5 or something. Winning!
Oh no!
Over 7%!!!
Only worth like $1000/month to the buyer on a $400k mortgage. No biggie.
Mortgage rates can go all the way to 7?!?!
unprecedented
if you're under 30
You’re such a dishonest little shit. Look at the median cost of a home.
I realize you don’t give a fuck because at 65 or whatever you’re across the finish line on your home loan, but this is a huge problem for people in their 20s and 30s wanting to own their own house.
But keep up with the snark and glib replies that always fall flat. Even the dummies on this board see right through your bullshit.
10.25% was an issue when I bought my first home too.
You seem to ignore the fact that sellers are also impacted by rising rates.
But rates at 3 - 4% was always going to be the aberration.
Great, and what was the cost of that home? It doesn't work when home prices are incredibly inflated and rates are skyrocketing
If you think the macroeconomic climate is remotely comparable to whenever you were young, you're as addled as Biden
In fact, those two conditions cannot co-exist for very long.
I bought into the year 1990's "incredibly inflated" home values and paid 10.25% for the loan. The price then seemed just as absurd then as prices do now and within the year there was a "correction". And interest rates came all the way down to 6 - 7% too by 1993.
Nothing new under the sun.
You bought your first home in your 40's? Fuck you must have been really poor.
Comments
I care about people. Leftists don't
If you don't vote for Biden you're poor and it's your fault!
https://democrats.org/news/donald-trump-has-the-worst-economic-record-in-modern-u-s-history/
It's the last rung from Bidenomics are GREAT to well its your problem if you can't afford 6 bucks a gallon for gas
reading is FUN-da-mental
I realize you don’t give a fuck because at 65 or whatever you’re across the finish line on your home loan, but this is a huge problem for people in their 20s and 30s wanting to own their own house.
But keep up with the snark and glib replies that always fall flat. Even the dummies on this board see right through your bullshit.
You seem to ignore the fact that sellers are also impacted by rising rates.
But rates at 3 - 4% was always going to be the aberration.
If you think the macroeconomic climate is remotely comparable to whenever you were young, you're as addled as Biden
Doubtful the Big Guy is getting his standard 10% off the top for cornering the housing market.
I bought into the year 1990's "incredibly inflated" home values and paid 10.25% for the loan. The price then seemed just as absurd then as prices do now and within the year there was a "correction". And interest rates came all the way down to 6 - 7% too by 1993.
Nothing new under the sun.
(1) influx of institutional money into residential real estate (e.g., BlackRock as someone mentioned above, Vanguard, RedFin, Zillow, etc.)
(2) influx of foreign interests (Chinese in particular)
(3) wages have not risen as a commensurate level to housing prices and it's not close