Wholesale always costs less than retail.
I wonder how much effort the MSM will put into trying to get the LIV population riled up over a difference of 0.01% (one part in ten thousand).
On a loan amount of $165K, 30 years, the difference between a rate of 5.00% and 5.01% is $1.01 per month.
Meantime, the tax rate on a $200K house (for which one would have to borrow the $165K after a 15% down payment) would be about $800 per month.
So an LIV is supposed to get irate about $1 per month he gets “stung” for against a “rich guy,” but about the $800 per month his local politicians take to buy votes, he’s supposed to say “oh well, that’s life.”
Precisely, taxes are driving people out of their homes.
“Meantime, the tax rate on a $200K house (for which one would have to borrow the $165K after a 15% down payment) would be about $800 per month.”
WOW, those are some beefy tax rates!