Re:Home Price to Income Ratio
by SilasX on Monday September 20, 2021 @11:00PM
(#28601659)
>- My monthly payments are identical to had I bought at $600k at 6%. If I stay there, I'm not much worse off. It's harder to pay off the home quickly.
>- If I move out, and I rent out my home, it covers monthly payments approximately exactly.
In any situation where interest rates go to 6%, there will probably also be some upheaval that affects your earnings and ability to rent it out at the present rental rate. The risks are correlated.
>- If I move out, and I rent out my home, it covers monthly payments approximately exactly.
In any situation where interest rates go to 6%, there will probably also be some upheaval that affects your earnings and ability to rent it out at the present rental rate. The risks are correlated.