Moving Thread

SunnySide · 11-16-2022, 10:28 AM

I did some napkin math ...

300k loan at 4% = $1,432 monthly mortgage
300k loan at 6 (or 6.5% I forget) = $1,896 month

Current rate is 7.3%

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What sucks, everyone now is sitting on their cash and once rates drop ... its going to be a free for all again and it wont be the single person or family winning the bids .. it will be old rich people and companies buying it as an investment and write off.

US needs to do something to make homes available for people/families and not portfolios

11-16-2022, 10:28 AM	#28
SunnySide Playmaker Join Date: Sep 2019 Posts: 4,568	Re: Moving Thread I did some napkin math ... 300k loan at 4% = $1,432 monthly mortgage 300k loan at 6 (or 6.5% I forget) = $1,896 month Current rate is 7.3% ------------- What sucks, everyone now is sitting on their cash and once rates drop ... its going to be a free for all again and it wont be the single person or family winning the bids .. it will be old rich people and companies buying it as an investment and write off. US needs to do something to make homes available for people/families and not portfolios

Moving Thread

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