buying coffee
buying coffee
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107 comments
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I'm currently a millionaire because at the time, it was cheaper to buy then it is to rent. There was a first-time homebuyer bonus also and we only needed 3.5% down. We figured if we just broke even when we wanted to move, it would have been worth it. This was back in 2009. Then, waited 10 years and I can't afford that condo that I bought with my income today.
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I’m in a weird situation where:
- my house is double the value
- my equity has tripled or quadrupled
- yet my mortgage is bigger than the original purchase
- and the payment is half, as a percentage of my monthly income.
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What kind of mortgage did you get? Is it on a 15 year arm or something?
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2.3% fixed. I refinanced just before rates went up a few years ago
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Man, crazy deal. It's pretty much free money. It's below inflation. Gotta keep that until you pay it off.
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107 comments