PizzAndy on Nostr: Mortgages will absolutely still exist but the price on housing won't be completely ...
Mortgages will absolutely still exist but the price on housing won't be completely inaccessible to the normal person because interest rates will reflect the real cost of money. You may pay 15% interest, but the house price is like 2 cars worth instead of 10 cars worth.
Shorter term mortgages I expect would be more popular also since it actually makes financial sense to pay down the principle.
Published at
2024-11-27 10:47:22Event JSON
{
"id": "10490a3e271704dba30452ce560d5427f44b30f7194802b30fa9f6c726cc474d",
"pubkey": "5c1d7328f010f6295f458830c7a5a9e9d60afae473713dc6d6ec52b2216d2550",
"created_at": 1732704442,
"kind": 1,
"tags": [
[
"e",
"2357190b9d4a11e5299acb09d12d6bc2b5f5657cbddd9e545f278f6186297139",
"",
"root"
],
[
"e",
"c6a04d2ee798fee9dd121ef3b86b2c1de43ebf8489c3971d46eabf0b60b2cbd1"
],
[
"e",
"b9f135f266874772e4cbed0b7751023464e7a1ea8da77291db95c939e01046cf",
"",
"reply"
],
[
"p",
"1989034e56b8f606c724f45a12ce84a11841621aaf7182a1f6564380b9c4276b"
],
[
"p",
"974245625f27b25ba05834fa0e7f410ec90b0d8e76a2d340cc22410920af21b7"
],
[
"p",
"aee84f38d081153df68c33ee423508370c9b5d0d195588f32bb0352c7a98a29c"
]
],
"content": "Mortgages will absolutely still exist but the price on housing won't be completely inaccessible to the normal person because interest rates will reflect the real cost of money. You may pay 15% interest, but the house price is like 2 cars worth instead of 10 cars worth.\n\nShorter term mortgages I expect would be more popular also since it actually makes financial sense to pay down the principle.",
"sig": "a4334b0f103e37eba5804e87168b6eb6280951deb4d7faf5f4c7b4301a88c013b534b33e1a9f2536bb64d48e9e095f0cc43e4b47ce0e285702ed4921658ac248"
}
