Re:Generational Luck in the Housing Market
by JumpCrisscross on Thursday April 04, 2024 @10:11PM
(#39938026)
> while rates for them may change those going away won't remove the expectation and, given the expectation, the market will find a rate af which it can fill it
Fixed-rate 30-year mortgages don’t exist, except for the very rich, in most of the world. The unsubsidised price of the instrument likely collides with popular conceptions of usury.
Probably not; without them, the norm wouldn't have been created, but while rates for them may change those going away won't remove the expectation and, given the expectation, the market will find a rate af which it can fill it.
Mortgages in general will be less attractive, though.