29 September 2021

Woah

Looking at what rental prices in my area have soared to...

I love my mortgage!

I love my fixed rate mortgage!

I also notice that we still have our house when several of the people who called us fools for taking a slightly higher interest rate to get it fixed have lost their variable rate homes.

My mortgage payment is about half what I could rent the place for right now.

2 comments:

  1. Variable rate mortgages are a big gamble. You can either win big or lose big. But you can guarantee that like gambling... the odds favor the house, in this case the bank.

    ReplyDelete
  2. I'm glad my humble abode is paid for ;-) probably couldn't afford to make payments in today's economy.

    ReplyDelete

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