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Hot_Introduction_270 t1_j4sce3u wrote

I like my mortgage more and more.

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magnoliasmanor t1_j4vbtc1 wrote

This is why the recession were walking into will be felt in 2 ways. The bottom half of America it will be awfully difficult, the top half won't notice. If you have a mortgage that you've had for >1 year you'll be just fine. I really feel for those left behind. I hope they get their chance.

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Hot_Introduction_270 t1_j4vgkzf wrote

I think until rates get back into 4-5% you will see people holding onto their homes if the can pay their mortgage.

I have a 15-year at 2.15% that I will not be giving up.

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magnoliasmanor t1_j4w13nu wrote

Exactly. That's why I don't think anything major in price corrections in real estate will happen. There won't be any distressment for 98% of people out there with a mortgage.

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nebuladrifting t1_j4y7lnt wrote

Seriously, I have survivors guilt over here with my $1400 mortgage for a two story house and a huuuuuuge backyard in a quiet neighborhood. I can never sell my house.

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New_Analyst3510 t1_j4tzx5j wrote

And even if you live in a city you can still have a garden in your backyard or chickens in your backyard the city might have a problem with certain things if you do live in a city but fuck em

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