This is not a SFW instance. NSFW communities will be tagged, and efforts will be made to keep SFW communities clean, but proceed at your own comfort level.
Let’s break this down. Plugging these numbers into a mortgage calculator, yes a $600,000 home with a 3% interest rate would be a payment of ~$2024/month. However, this assumes a 20% down payment, $0 property taxes, $0 insurance, $0 HOA etc.
However, an 850k house at an 8.5% interest rate with those same numbers would “only” be $5228/month. Additionally, as other commenters have pointed out, interest rates are not that high.
OP is straight up lying to you at worst, or just cherry picking numbers in a very deceiving way at best.
Not that I’m trying to argue housing is affordable. Just that people will go on the Internet and tell lies to spin a narrative and drive engagement.
Let’s break this down. Plugging these numbers into a mortgage calculator, yes a $600,000 home with a 3% interest rate would be a payment of ~$2024/month. However, this assumes a 20% down payment, $0 property taxes, $0 insurance, $0 HOA etc.
However, an 850k house at an 8.5% interest rate with those same numbers would “only” be $5228/month. Additionally, as other commenters have pointed out, interest rates are not that high.
OP is straight up lying to you at worst, or just cherry picking numbers in a very deceiving way at best.
Not that I’m trying to argue housing is affordable. Just that people will go on the Internet and tell lies to spin a narrative and drive engagement.