The 30 year mortgage rate just reached 7.45-percent. By summer of 2027? I could see 8-percent rates.
So a $300,000 house, with me putting down $30,000 for down-payment? Roughly $1,900 a month.
I just don't see that many people under age 30 affording a house. Go toss in insurance and property tax....I'd need to make $75,000 a year minimum.
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