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My last 30 year mortgage was at 2.375. I have since sold that home and never plan on buying in the US again.
Mine wasn’t that good, but 70K at 3.1 is much better than things are today.
U.S. housing market is fucked.
It’s not really. It went up quickly and stabilized. Rates are still near historic lows. This nobody is going own a home bullshit needs to stop. It’s just false.
The following was removed for misinformation. The coward ass mods should at least be forced to identify which part of the truth they are trying to cover up. Ban me, I’ll be back in a day with a new name.
Prices didn’t double and yes rates tripling from historic lows is fine. Home ownership rates are up from a dip with millennials. Gen z is about on par with gen x. According to the Census Bureau, 38.6% of those under 35 are homeowners; 62.6% of those aged 35-44; 70.5% of those aged 45-54; 75.7% of those aged 55-64; 79% of those over 65. We should certainly try to make home ownership more attainable but it’s far from the hellscape and hyperbole.
