@[email protected] to Personal [email protected]English • 1 year agoHousing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onwardfinance.yahoo.comexternal-linkmessage-square27fedilinkarrow-up1134arrow-down19cross-posted to: aboringdystopianews
arrow-up1125arrow-down1external-linkHousing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onwardfinance.yahoo.com@[email protected] to Personal [email protected]English • 1 year agomessage-square27fedilinkcross-posted to: aboringdystopianews
minus-square@TunaCowboylinkEnglish15•1 year ago If I pay in £500 a month. Likely, 20-80 of that goes to interest. I’m gaining £480 in equity each month. What kind of amortization schedule is this based on? This seems completely divorced from reality.
minus-squareSaintpaullinkEnglish6•1 year agoIt is. I bought my house two years ago with a low interest rate and it’s still another four years before I’m paying more money towards my principal than interest.
What kind of amortization schedule is this based on? This seems completely divorced from reality.
It is. I bought my house two years ago with a low interest rate and it’s still another four years before I’m paying more money towards my principal than interest.