Viewing a single comment thread. View all comments

thunder_struck85 t1_iwwk7mj wrote

Reply to comment by CrystalMenthol in Home sales fell for the ninth straight month in October, as higher mortgage rates scared off potential buyers by ChocolateTsar

But you still didn't borrow it for almost free. It's a stupid saying. Borrowing $1mil at 1% is still not free. That's still a lot of money in interest if you're buying an item that has no real return.... like a house you don't plan to flip but live in long term.

Nothing free about it.

3

Ag0r t1_iwx96a9 wrote

If the loan's interest rate is lower than inflation, it is literally free. Many many Americans have mortgage rates lower than 3% which means the value of the debt is shrinking more then the debtor is charging for it.

24