Originally Posted by Burleyboy
Mine was about 3 times my income 3 years ago. It's now appraising for twice that. I'm worried home prices will start to drop as interest rates rise. I think people by based on the monthly payment more than the total price. Low interest rates seem to drive house prices up.

Bb




Ironic as hell, but low interest hurts buyers.
Like you said, people buy all the payment they can afford.
And today's folk have no $ restraint.

That drives prices up until you are buying the house you would have bought
based on price, but now at your max payments.


Parents who say they have good kids..Usually don't!