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A comment on Mortgage rates have been rising at a pace not seen in almost 50 years. Parent comment

Re:Mortgage rates have been rising at a pace not seen in alm... by darawk on Friday May 25, 2018 @01:33AM (#17150873)
Why?
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Re:Mortgage rates have been rising at a pace not seen in alm... by danans on Friday May 25, 2018 @01:40AM (#17150908)
I think they're saying renters can move without taking a large loss, but owners generally can't, since they have to either sell at a loss, or rent out their property at a loss.
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Re:Mortgage rates have been rising at a pace not seen in alm... by oldcynic on Friday May 25, 2018 @01:44AM (#17150917)
Negative equity. £200k mortgage on a house now worth £150k. To move, first find £50k.
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Re:Mortgage rates have been rising at a pace not seen in alm... by scotty79 on Friday May 25, 2018 @04:18AM (#17151599)
You can just leave the house empty without selling it.

You just need to pay taxes and mortgage but not utilities for your empty house.

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Re:Mortgage rates have been rising at a pace not seen in alm... by oldcynic on Friday May 25, 2018 @06:44AM (#17152243)
That can work for some. Paying a mortgage and rent on the new location, along with 2 sets of taxes gets expensive real quick. Some utilities have standing charges/line rental too.
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