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A comment on The Rise of the Forever Renters. Parent comment

Re:The Rise of the Forever Renters by daveguy on Saturday December 23, 2023 @04:26PM (#38748387)
It must be nice to get a mortgage at ~3.1% or less.

Do you realize that you would be paying over 50% more per month for that same mortgage today?

Would you still consider that a super good deal that you can't imagine anyone not taking?

Rate lock-in isn't that great with a high interest rate, because you are going to need to pay thousands to refinance.

I get where you're coming from, but it's a different analysis today than it was 3 years ago.

[ Parent | on HN ]
Re:The Rise of the Forever Renters by whateveracct on Sunday December 24, 2023 @01:44AM (#38751669)
Oh yeah right now - it's time to rent. If this was the economy in summer of 2020, I would've probably kept rolling with my apartment (which I did like a lot) while continuing to stash away liquid savings for when buying a house became a good deal again.

But this article is about "Forever" Renters. I highly doubt buying a house will never be worth it if you follow the above path.

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