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A comment on A global house-price slump is coming. Parent comment

Re:A global house-price slump is coming by HarHarVeryFunny on Friday October 21, 2022 @11:45AM (#33289263)
Yeah, but some people switch to adjustable rate or balloon mortgages when they can't afford fixed. This is what I did when I bought my first house in 1988, with fixed rates over 10%.
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Re:A global house-price slump is coming by lazide on Friday October 21, 2022 @12:07PM (#33289575)
Better hope that interest rate doesn’t increase instead!
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Re:A global house-price slump is coming by HarHarVeryFunny on Friday October 21, 2022 @01:24PM (#33290651)
Yes, indeed! If the rate increases are capped then you have a bit of control over it, as you do by choosing the adjustment period (1 vs 3 vs 5yr ARM).
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