Quote:
Originally Posted by tvp2003
I'm thinking the biggest hit will be the $400-600k price point -- first/second time buyers that could extend that high under 30 years will have to scale it back in order to qualify. If you're in the sub-$300k market, the change will probably take out a few buyers but the actual difference in payments on a 30-year to a 25-year is probably a little easier to absorb.
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Yeah, if it does something, you'd think it'd be mostly to the ones you mentioned. Anything higher and those people can generally afford what they're buying.
I'm thinking my current home I already paid too much for 5 years ago is likely going to be worth even less. That said, maybe I'll be able to rent it out for a bit more