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this post was submitted on 21 Sep 2023
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1400 is my mortgage payment on a 3br house.
That you most definitely bought more than 4 years ago
Agreed. For reference a $1400 mortgage would be a 110,000 house loan at 8% + $520 monthly escrow (property tax and insurance) .
Yeah its sub 3% and we bought 5 years ago. 8% is highway robbery bro.
I pay under $1k and I bought my house a little over 2 years ago. House prices might have been high but those low interest rates are hard to pass up.
Between insurance, utilities, and mortgage I pay less than $2k a month while paying off a 3br house, mostly working from home (don't need to rent a work desk in either case), and own a car.
Of course, none of this is in LA. I'm not too far outside of Atlanta though.