Quote:
Originally Posted by hmmhmmcamo
lol what? that's a pretty convenient thing to ignore.
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I thought it was. Interest rates are low now, but my statement was more general. If you bought your house 5 years ago the interest rate was +2% higher so you would have 5 years high and then 5 years low and maybe the next 5 are high again but in the end your payments stay relatively stable. Assuming that the interest rate doesn't climb steadily for 20 years, the more likely scenario is that it fluctuates instead while rent is linked to inflation which has a much clearer history of slowly increasing year over year since the invention of currency.