I remember getting a 13% or thereabouts mortgage in 83.
Luckily because I was moving and changing jobs, the new employer gave me an interest rate subsidy payment for 5 yrs.
It’s crazy how upside down things are, and I blame what passes for entertainment these days.
You’re probably like me - I bought a ‘starter house’ I could afford with a monthly payment that fit my then-current income.
I wasn’t looking to ‘flip’ it, I wasn’t searching for that diamond in the rough that would make me a bundle once I completely remodeled it. And, since social media didn’t exist, I didn’t feel the need to compete with every other person on Instagram.
Today’s advice is to ‘buy as much house as you can afford, it’s only going up.’
We’ll see how that works out.