Yeah but in 1995 when you got a 7% mortgage the cost of the house was probably 1/10th of what it costs now. Artificially holding down rates to near 0 for so long caused the house prices to fucking explode. Little dumps that should be going for $75-100k are now $175k for no fucking reason. You can't find a good starter home in most places for under $250k.
Yeah but in 1995 when you got a 7% mortgage the cost of the house was probably 1/10th of what it costs now. Artificially holding down rates to near 0 for so long caused the house prices to fucking explode. Little dumps that should be going for $75-100k are now $175k for no fucking reason. You can't find a good starter home in most places for under $250k.
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