Quote:
Originally Posted by Yoho
I bet you wish you had 5-6% mortgage interest rates back then.
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Yeah, but then the houses would have been way more expensive. I know this is shocking, but when people by houses, they are typically doing so via the monthly payment they deem affordable. Interest rates, prices and term all seem to be secondary for a lot of people. Another reason the "40 year mortgages to increase affordability" was one of the most asinine things we've ever seen, and actually makes me wonder if it was done to line someone's pockets.