Cool, I guess? If you're paying cash.
If you take a 30 year mortgage out, random figures;
2020 $400,000 2.9% = $1,665 per month
20% decrease in value $320,000 @ 7.5% = $2237 month
Winning?
Thank God!!!
Someone that actually does math... Bless you!
$400,000 @ 2.9% = $1,665 per month
20% decrease in value $320,000 @ 7.5% = $2,237 per month
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$400,000 @ 7.5% = $2,797 per month
20% increase... $500,000 @ 7.5% = $3,496 month
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Now try that with 12.5% interest...
20% decrease in value $320,000 @ 12.5% = $3,415 per month
$400,000 @ 12.5% = $4,296 per month
20% increase... $500,000 @ 12.5% = $5,336 month
Powell will keep going until the blood is flowing...
O'Biden will issue more free money and...
Powell will keep going until the blood is flowing... EVEN MORE.
