UTGay91
UTGay91 t1_iu55pw2 wrote
Reply to comment by anon_capital in my dad wants to know if he should get a lawyer because he's losing money by brinkofwarz
Marriages are variable term. That’s for sure! 🤣
UTGay91 t1_iu4tbyp wrote
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.
UTGay91 t1_iu5z7pr wrote
Reply to comment by brinkofwarz in my dad wants to know if he should get a lawyer because he's losing money by brinkofwarz
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!