You thought it was a safe investment. You took a 5% VAR 30 year note. You didn't see the rate raises coming, just watched the value increase month over month. We never saw the bubble forming but we sure will watch it pop.
You thought you could hide your wealth in your house, user?
Dominic Lewis
Ryan Parker
Do people actually take variable mortgages? That's a meme, right?
Easton Nelson
There aren't money countries that actually offer them
Ian Peterson
Nope, I locked in a 30 year fixed 2.8%
Gabriel Carter
>Do people actually take variable mortgages?
Not very many no, he just mad bro
Seething rentoid threads are the only way I can coom anymore
Cameron Parker
what the fuck is with the stupid mini side garage door? when did this shitty trend start?
Landon Bailey
30 year fixed is an American only thing because your government is subsidising mortgages.
Doesn't really matter because even if your interest payments don't moon your house price will crash because the marginal buyer is paying the new rates. You're still fucked.
Justin Bailey
>when did this shitty trend start?
Bruh
Hunter Gutierrez
user, I took Fantom gains in Jan and paid cash for it, no mortgage. Would never have been approved for a mortgage.
Caleb Long
I don't give a fuck. I have an affordable monthly payment and a guaranteed place to live. Enjoy your rent increase.
Angel Robinson
Only investors and over leveraged tards should worry about house prices crashing. Locking in sub 3% rates over 25-30 years is amazing and will save you over a hundred thousand if rates go up
Christian Ramirez
Rents are dropping along with house prices.
Sellers who can't get a sale put the houses into the rental market which is pushing down prices.
Renters right now are saving themselves ~$5k per week just by not buying a house.
Dylan Nguyen
Hope you never plan on moving to a new city or trading up for a new house.
Dylan Rivera
I dont, I bought my place in 2018 and refinanced
Gavin Moore
Adjustable rate mortgages are at 14 year high. Can you figure out what calendar year was 14 years ago?
Luis Fisher
couldn’t even imagine paying for a house requiring a jumbo loan. Shit blows my mind. Well enjoy wageslaving for 45 years to pay them off then 20 years in the loan they upgrade and start the 45 year loan over kek
Eli Perry
People are taking variable HELOC loans with misleading interest-only upfront payment terms, and using that money to buy new rental properties, which they use to get more HELOC loans, which they use to get more rental properties, which the use to get more HELOC loans...
These HELOC loans are subprime and fraudulent and are the reason home prices skyrocketed, and why 12 million "cash buyers" appeared out of nowhere the past few years. Cash buyer means HELOC buyer.
These guys are absolutely fucked and are taking us all down with them
Brody Sanders
You think that's crazy? Apparently HELOC is all the rage now.
Hunter Taylor
And they can get called for whatever reason and many didn't even read the fine print.
Ethan Jackson
VAPR loans like this should be banned I don’t give a shit about how a balloon mortgage or something has uses, it poses a systematic risk to the economy
Lucas White
I desperately tried to talk a woman out of REFINANCING her house on a variable
I think she did it anyways
I'm going to try to borrow money from her before she kills herself, time it out right
Anthony Myers
These people have no concept of how this can go wrong