Re:Danes Get 20-Year 0% Mortgages
by saberdancer on Tuesday January 05, 2021 @04:10PM
(#25651098)
But people sell houses based on price, not on the monthly payment. It's possible that high monthly payments reduce the ability to sell a house for a high price, but is this effect that strong?
[ Parent
| on HN ]
Absolutely, which is why I said it's mostly irrelevant for the buyer. If the seller purchased in a lower rate environment, they may be in for a tough time. Down payments and equity can soften that blow a bit.