There’s a lot of overbuilding going on.
My home will be paid off in less than 2 years and I couldn’t be happier.
These monthly payments nowadays are obscene
What’s sick are rental payments. We have always lived in modest homes with reasonable mortgage payments. I’ve refinanced a couple times over the years when rates were low. We’re currently in a 15 year at 2.4%. Our payment is about $1,000 a month including escrow and insurance.
Our kids all rent and their apartment rental is $900 - $1200 each. Weirdly the one with by far the highest income has by far the lowest rent. Two of them are about 30% of annual income going to rent. It’s a bit above what it should be but they have no other debt so it’s workable.
Monthly home payments fall 14 percent
After it was repossessed
We’re all gonna die. Today’s mortgage rate is lower than almost every mortgage I’ve ever had. People think those ridiculously low rates since 2009 are normal. They aren’t. They were a sign of trouble.
More whoppers. Don’t they think they can steal the thing or is the fabulous economy the reason they will give for Biden’s re-election?
Creative statistics 101. meaningless....
Well, I’m not going to hold my breath waiting for my home payment to fall 14 percent.
Payments are down by 14% after going up 150% - what a bargain