180k house to 1 million. 800/mo rent to 2800/mo.
(media.greatawakening.win)
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Mortgage interest rates will be double digits before long.
Housing will drop like a rock when that happens.
And yet CD's and interest rates for the investor still suck.
All rates will eventually go way up.
They will have to tag along when the prime rate get jacked into double digits.
I am thankful I haven't got a mortgage and my heart hurts for those who have.
Amen to that!
Same. My mortgage has been paid for 10 years but my sister is building a house right now and her daughter and her son just moving in to new houses. My daughter has been in a house in the Bay Area for 5 years. I havent asked what she paid but Im sure its more than what Id ever pay without 100 acres attached. Both my brothers still have mortgages.
But my house is big enough to move a few more people in if needed. Wife is lonely and bored without a house full of people to take care of. If she could have more kids I bet she would lol.