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Joined 1 year ago
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Cake day: July 4th, 2023

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  • The article isn’t suggesting that home owners should shoot themselves in the foot by giving up their great fixed rates. They are saying that the incentives are backwards and the system is unfair.

    People are less likely to move right now and those who need to buy right now are punished for it. A system that was more fair would spread the pain of high inflation to everyone and even make combating runaway inflation easier. At the moment, the high rates have basically no impact on those (like you and me) who were lucky enough to buy or refi in 2021.