Quote:
Originally Posted by Papa_lecki
Assuming a $3,000 monthly budget...
-2.65% mortgage rate in Jan 2021 could have bought you a home worth $641k.
-7.23% mortgage rate today could buy you a home worth $434k.
That's a $207k (32%) decline in purchasing power.
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Stu, what is this "mortgage" thing that speak of? I am not familar with that.
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