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A comment on Wells Fargo to pay $3.7B settling charges it wrongfully seized homes and cars. Parent comment

Re:Wells Fargo to pay $3.7B settling charges it wrongfully s... by sizzle on Tuesday December 20, 2022 @07:07PM (#34074820)
You really think the people who got a <3.5% interest rate loan will let go of their properties in the next 5 years to purchase a 5%+ mortgage for a more expensive monthly payment? What incentive do they have?
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Re:Wells Fargo to pay $3.7B settling charges it wrongfully s... by ryanianian on Tuesday December 20, 2022 @07:30PM (#34075047)
"Starter homes" (1-2 bedrooms) see lots of turnover as families outgrow them.
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Re:Wells Fargo to pay $3.7B settling charges it wrongfully s... by ryandrake on Tuesday December 20, 2022 @09:47PM (#34076097)
I just let go of my 2.25% mortgage to move out to the boonies at 7%. It's painful but still makes sense given the cost of living difference between here and the insane Bay Area. I am admittedly gambling that rates will come back down to something at least in the middle within a few years, but who knows?
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