• dohpaz42@lemmy.world
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    4 months ago

    I merely meant that buying a house at a high interest rate is the irresponsible part. But yes, everything you say is true.

    • empireOfLove2@lemmy.dbzer0.com
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      4 months ago

      I’d argue even that being irresponsible. yeah high rates suck but you’re still paying on an asset, not a black hole.

      Also, mortgages can be refinanced if/when rates drop later.

      • Archer@lemmy.world
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        4 months ago

        I refinanced at 3% then did a HELOC to pay for a new roof. One of the best decisions I ever made