Facelikeapotato@lemmy.ml to Lemmy Shitpost@lemmy.world · 11 months agoTreat yo selflemmy.mlimagemessage-square51fedilinkarrow-up11.21Karrow-down119
arrow-up11.19Karrow-down1imageTreat yo selflemmy.mlFacelikeapotato@lemmy.ml to Lemmy Shitpost@lemmy.world · 11 months agomessage-square51fedilink
minus-squareAux@lemmynsfw.comlinkfedilinkEnglisharrow-up1arrow-down4·11 months agoThat’s because if the rates suddenly go up, you won’t be able to afford the mortgage and you’ll go bankrupt. If your rent goes too high, you can just find a cheaper place.
minus-squareTurtleTourParty@midwest.sociallinkfedilinkEnglisharrow-up5·11 months agoBut there are fixed rate mortgages.
minus-squareVikingHippie@lemmy.wtflinkfedilinkarrow-up1·11 months agoThat’s simply not true. The number one cause of homelessness in the US is a nationwide lack of affordable housing, including rentals.
minus-squareAux@lemmynsfw.comlinkfedilinkEnglisharrow-up1·11 months agoI don’t care about US, not everyone lives there.
That’s because if the rates suddenly go up, you won’t be able to afford the mortgage and you’ll go bankrupt. If your rent goes too high, you can just find a cheaper place.
But there are fixed rate mortgages.
For 2-5 years? Ok, cool.
Like a cardboard box?
That’s simply not true. The number one cause of homelessness in the US is a nationwide lack of affordable housing, including rentals.
I don’t care about US, not everyone lives there.