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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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26138025 No.26138025 [Reply] [Original]

>> No.26138062

no

>> No.26138281
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26138281

sounds scarey

>> No.26138313

>>26138062
why not

>> No.26138347

>>26138025
30 year note end up paying double.

>> No.26138429

>>26138025
yes they are
Buying a house is a scam
The redpill is to be homeless

>> No.26138459

everything is.

>> No.26138464

>>26138025
A little yes and a little no. If you have the money to pay a big chunk on the down payment to avoid (((mortgage insurance))) and also have the money equal to the value of the home available to you, a mortgage right now is a good deal. At 2.5% the mortgage is practically free money when you consider inflation. Just as long as you never default and keep your payments low it should work out.
The real issue is the house itself is going to be an overpriced Boomer shack.
>2 bedroom 1 bath ranch house built in 1950
>$350,000
I wish the coof would have taken more boomers.

>> No.26138623

>>26138025
With such lower interest rates, it’s basically free money. Pay yourself rent to live in a house that appreciates value quicker than the tiny interest rate.