Search results

@baelog Who told you that? If inflation is high, the Fed will raise rates to combat inflation. With luck, they'll start dropping in six months.

@tongdtbds4 A house payment is clearly a form of savings, because you are in fact accumulating equity. The fact you can sell that home later and receive a ton of cash is proof of that. Only the interest involved is really an expense. A reverse mortgage late in life is basically free money...

@tongdtbds4 Here's the counter-view. (And why I personally think a home is the best single investment most people can make.): Most people aren't good with complex financial decisions, or investing in general. A home will always have value as a roof over your (or someone else's) head. Most...

@tongdtbds4 That hasn't been my experience in 12+ years of homeownership. I do think it's important not to buy more home than you need. Because that means higher utilities, higher taxes, and higher maintenance costs, in addition to a larger down-payment and monthly mortgage payment.

@dantheman1999 This is very troubling to me. I hope it's in fact only $600, and he's not lying to her.