Comment by rrrrrrrrrrrryan
Comment by rrrrrrrrrrrryan 2 days ago
The U.S. is unique in that it offers fixed-rate 30 year mortgages to basically everyone who can afford the monthly payments. Once you've locked in a 30 year mortgage at a great rate, it's super cheap money - your new goal is to basically hold it until it's completely paid off. Then, the only way you can move is by renting out your old place.
Thats true, but the housing stock is abysmally poor quality so that sucks