Anonymous wrote:Anonymous wrote:Anonymous wrote:You aren’t the sharpest tool.
When others resort to insults, then I know I’ve made the point!
I bet this happens to you a lot. Seriously, you are not taking into account, such as the actual economic factors for the rise in prices. Have you contemplated how much money has recently been infused into the economy and the amount of growth in the stock market. Housing prices have a long way to catch up.
Anonymous wrote:Anonymous wrote:You aren’t the sharpest tool.
When others resort to insults, then I know I’ve made the point!
Anonymous wrote:Lol. I think many people understand this. But there is absolutely nothing any of us can do to affect interest rates... so what is your point?
Anonymous wrote:You aren’t the sharpest tool.
Anonymous wrote:OP is far off with her assessment as my DC neighborhood as seen appreciation since I moved in in 2008.
We paid $300k and my next door neighbor paid $626k ( house was listed at $550k) in early 2019 for the same identical house, layout no upgrades etc.
It’s called inflation.
Anonymous wrote:Anonymous wrote:Interesting microecon problem, kid
Interest rates are a macroeconomic issue, adult!
Anonymous wrote:OP is probably the same poster who has an economist DH that says prices will drop 15-30% in the next year. lol
Anonymous wrote:If you could buy a $1,000,000 million house at 4%, with a monthly payment of about $4,700 per month, when the rates hit 3% the price goes promptly to 1,250,000, with a monthly payment of roughly $5,300.
So your principal is higher, and your payment, all in the name of lower rates.
https://www.calculator.net/payment-calculator.html