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Real Estate
Reply to "Is there going to be panic selling?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Can’t imagine having this man for a neighbor. But on topic, I think people will cling to their 2-3% mortgages with everything they have. Some people who overextended in the past couple years with crazy rates and crazy prices might walk away but most people have tons of equity and low rates.[/quote] Yeah, if you have a low rate you stand a better chance of getting a renter to pay your mortgage for you. [/quote] What renters? Remember, no one is hiring. [/quote] It'll come down to when you bought your house. It's tough to find a renter for your 2022 era price mortgage. [/quote] This. We bought 10 years ago and have a sub 3% rate. We can sustain PITI on one income for a while. And I'd cut everything else before selling the house. I can't get a comparable place for what our payment is. But our house was well under $1m when we bought it. [/quote]
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