Quote:
Originally Posted by jar_e
How does one "not afford a house"? If you can make your payments, I don't see how its not affording it. Is it not smart financially? Debatable, but people "afford" houses all the time when you're implying they can't.
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He is making the lowest payment ever. Next renewal will be more expensive and then one after that could be even worse. 3% interest rates are not going to be here forever.