LogFAQs > #980145654

LurkerFAQs, Active Database ( 12.01.2023-present ), DB1, DB2, DB3, DB4, DB5, DB6, DB7, DB8, DB9, DB10, DB11, DB12, Clear

Topic List	Page List: 1
Topic	The market sucks for buying a house.
Blbmbr666 04/28/24 10:27:02 PM #10:	archizzy posted... The only thing that fluctuates is mortgage rates and people got used to them being INSANELY low compared to historical averages. They aren't even bad now they just aren't the stupidly low rates that were only a couple percent. I knew a lot of people who were buying in the 80's where rates were up to like 18%. Like seriously I knew a handful of people who bought when rates were 14 to 16% then. The difference being that 18% of 50k is a lot less than 7% of 400k, and that's before even talking about the ratio of the average income vs those prices at each time period. --- Your memes.... end here. <cite>Blbmbr666 posted [p:980145654] in The market... [t:80757992]...</cite> <quote>archizzy posted... </cite><quote>The only thing that fluctuates is mortgage rates and people got used to them being INSANELY low compared to historical averages. They aren't even bad now they just aren't the stupidly low rates that were only a couple percent.I knew a lot of people who were buying in the 80's where rates were up to like 18%. Like seriously I knew a handful of people who bought when rates were 14 to 16% then.</quote>The difference being that 18% of 50k is a lot less than 7% of 400k, and that's before even talking about the ratio of the average income vs those prices at each time period. --- Your memes.... end here.</quote> ... Copied to Clipboard!
Topic List	Page List: 1