Talk of The Villages Florida - View Single Post - Are We going to See 8% Mortgage Rates
View Single Post
 
Old 05-21-2025, 05:35 PM
jimmyinvillages jimmyinvillages is offline
Junior Member
Join Date: May 2025
Posts: 16
Thanks: 1
Thanked 17 Times in 9 Posts
Default

I would recommend people who are blessed to have purchased homes decades ago with higher interest rates but MUCH lower cost of housing and more importantly income - housing cost ratio not do a tired take of 'back in my day rates were 15-18%!

With today's entry level cost of housing + interest rates + dollar depreciation + wages that haven't kept up with housing/education inflation, today's young people are understandably stressed.