I am truly bewildered by the fact home prices have not cratered yet. I suppose it’s only a matter of time.
The 30-year mortgage rate is at 20+ year highs. Say you bought a $750k home with a standard down payment and a 7.5% interest rate… you’d pay more than a million dollars over the life of that. The amount of interest paid is just bewildering for new families.
I happy to be someone shopping for a home. I’ll either have to wait longer or get really lucky.