Comment on Housing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onward

• Alexstarfire@lemmy.world ⁨1⁩ ⁨year⁩ ago

  Yes, though I’m not sure what you mean by not paid. You have monthly payments for the loan.

  source

  • uranibaba@lemmy.world ⁨1⁩ ⁨year⁩ ago

    I meant payed off.

    So if I borrow $100.000 at 3% interest rate, I will 3% for the entire duration of the loan? Even if FED increased the rates to something else?

    source

    • Alexstarfire@lemmy.world ⁨1⁩ ⁨year⁩ ago

      Yep. That’s why people who got these historic low rates are going to be very resistant to moving. Myself included.

      source