Re:Nearly 8M Americans have fallen into poverty since summer
by khalilravanna on Wednesday December 16, 2020 @01:41PM
(#25446508)
Not directly in line with OP’s comment but interest rates are stupidly low right now. Wouldn’t surprise me if this enables a lot of people to buy homes. I know several people (late 20s, early 30s Boston area) who have bought homes recently and I myself am refinancing.
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Re:Nearly 8M Americans have fallen into poverty since summer
by uoaei on Wednesday December 16, 2020 @01:50PM
(#25446667)
Interest rates don't mean anything if the down payment (or requirements for a loan) are still high for new buyers.
Interest rates only matter if you already have money. Most people don't.
Re:Nearly 8M Americans have fallen into poverty since summer
by khalilravanna on Thursday December 17, 2020 @08:58AM
(#25455586)
Requirements are pretty low for loans. I have a friend with not too much income who secured one. I myself was able to get a house with something like 5% down which on a house in Texas was like ~$10k.
Lower interest rates equate to a noticeably lower monthly payment so I wouldn’t toss it out completely as a factor.