It’s still a weird feeling when you’re 3 years later and everyone is complaining about their rent going up and yours is staying still. It kind of feels like cheating.
100% agree. It’s crazy that we have 30 year fixed rate loans with basically no penalty to refinance. Don’t get me wrong, it’s working for me, but I wish it was different because it’s so unfair.
I think you misunderstood me, rentals should have more of limit on how much they can raise the rent, not that banks should get more money from homeowners. I guarantee that banks are making a shit ton of money or they wouldn’t do it.
It’s still a weird feeling when you’re 3 years later and everyone is complaining about their rent going up and yours is staying still. It kind of feels like cheating.
Insurance and property taxes are likely to increase.
After a huge decrease though in insurance.
I’m taking about their insurance rates going up in the three year span you me mentioned. Just saying their “rent” is unlikely to stay the same.
100% agree. It’s crazy that we have 30 year fixed rate loans with basically no penalty to refinance. Don’t get me wrong, it’s working for me, but I wish it was different because it’s so unfair.
I think you misunderstood me, rentals should have more of limit on how much they can raise the rent, not that banks should get more money from homeowners. I guarantee that banks are making a shit ton of money or they wouldn’t do it.
What is unfair about it?