UTGay91 t1_iu4tbyp wrote on October 28, 2022 at 3:36 PM

Your understanding of real estate is amusing as fuck. Property ownership is NOT a gamble dumbass.

Why would his mortgage be skyrocketing? The majority of mortgages are fixed rate! And reality check. Everyone is losing some value because of high rates today. Give it 5 years! Real estate is the BEST investment. Tried and true.

PS. Don’t speak to something you clearly know nothing about.

anon_capital t1_iu557yd wrote on October 28, 2022 at 4:55 PM

The majority of marriages on fixed rate is only a US thing. Variable rates are the norm everywhere else

UTGay91 t1_iu55pw2 wrote on October 28, 2022 at 4:58 PM

Marriages are variable term. That’s for sure! 🤣

brinkofwarz OP t1_iu5ssjm wrote on October 28, 2022 at 7:34 PM

Real estate is the best investment when it's going up.

And his mortgage is variable.

UTGay91 t1_iu5z7pr wrote on October 28, 2022 at 8:18 PM

Real estate will always go up! Everytime it falls, it just goes higher next time. Look at the cost of homes over the decades. Over 70% of net worth in the United States is in real estate! He’s just going to have to keep it for 5 years. Big deal!

That was the mistake. ARMs are dumb!