One big reason the U.S. housing market is broken: Owners don’t want to give up their cushy old loans.
  • @Dkarma@lemmy.world
    -2•1 year ago

    That doesn’t mean shit if your rate goes from 3% to 8 % and your payment doubles.

    Dit he math. Even if u buy a 300000 house and pay off a full third in 3 years which is absurd.

    What’s 200k at 3% vs 200k at 8%?

    Go ahead, I’ll wait.