We laugh at this, but the older generations still remember when the mortgage interest was this high. I don't know where you guys are from, but there is an old news reel from the 1970s here in Ireland when young families at the time complained of "high" house prices of up to 72,000 pounds, with mortgage interest of 14%. The folks on social media had their jaws dropped on learning of how high the interest rate was, but how cheap the overall property value was back then. Now how much are those said houses at the moment? They are now worth between €690,000 to €1.5 million. High valuation but the interest rate is down in proportion. In any case, only few could afford to buy houses these days due to inflation and wages haven't kept up with it.
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They actually ended up getting married after that hug.
Which couple?
Yes.
Life hack for renters: You can just steal from the bank.
Subprime Rides Again, baby.
Such a stupid, stupid society.
I'll take a 90% 1,000 year loan please.
(hint: it would be over $30,000 per month payment)
guess it's time to start planning my great-grandkids' mortgage payments now. gotta secure that intergenerational debt early.
Why does he suddenly have vampire teeth
Probably because it's a cropped section of a shitty AI upres of a video still, here's an original.
It's from 2012 when the NASA JPL team did a successful first-ever "rocket crane" landing to get the Curiosity rover onto the surface of Mars. It was actually a really touching / exciting moment, there's lot of other photos out there of the team hugging and celebrating.
Is the image AI? The face of the guy to the left is kinda weirdly focused.
I bought a fairly cheap house and paid it off as fast as I could.
Could I have made more by investing that money instead of shoving it into a mortgage? Maybe.
But you can't live in an investment account. When the markets take a shit, you don't lose a room from your house. And when it's paid off, your outgoings are basically food, electricity and internet.
Don't forget friggin property taxes
Just more evidence that this administration gladly serves up the American people to wall street. I am not a particularly smart person, but even I know there is zero advantage for home buyers here. It ballons the cost of a home multifold. Since the American leaders are smarter than me, it means that they are proposing these financial slavery contracts ON PURPOSE, and their goal is to bleed away the last dollar from the average American. Didn't Elizabeth Warren warn this was going to happen?