Quote:
Originally Posted by LoneWolf
So your house has gone up in price 400%? I highly doubt that. Unless you bought a house for 50k and it is currently worth 200k and your previous job was giving blowjobs behind the gas station for $20 and now you are charging $80.
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I don’t know Kurt but I could see it being true with the rise in housing prices combined with current interest rates.
A $300k home today with a 7% interest rate would be something like a $2500 monthly mortgage, not including insurance, utilities, etc.
That same home in 2021 could easily have been $200k with a 2% interest rate. I’m not going to calculate for accuracy but I’d guess the mortgage on that bad boy would be closer to like $1200/month or something…?
Not to mention the vast difference in down payments if you’re going that route as well.