Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: John W

Cortez just did a presentati9n on Bannon that was good.

Using an average salary in the USA of $71,000, that a person could afford a mortgage payment 9f $1,875 per month.

Using the January 2022 mortgage rates, that $1,875 per month would allow a mortgage on a $425,000 house.

Using the current 7.25% mortgage rate, that same $1,875 per month would only buy a $290,000 house.

Thus the FMV of real estate is crashing.


22 posted on 10/28/2022 7:46:36 AM PDT by tired&retired (Blessings )
[ Post Reply | Private Reply | To 1 | View Replies ]


To: tired&retired

I still would rather own real estate than hold cash.


23 posted on 10/28/2022 7:48:00 AM PDT by tired&retired (Blessings )
[ Post Reply | Private Reply | To 22 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson