Comment by BugsJustFindMe
18 days ago
> I still don’t see even adults with a good idea of basic financial things. How much does it cost to buy a house?
Big part of that is because the answer is "twice as much as 10 years ago", which is simultaneously mindboggling, appalling, and hard to keep track of.
The list price of a house going up is a big part of it.
But I don't think people actually have an idea of how much more a house of the same price costs when interest rates go from 2.5% to 7%. For a million dollar house, that's an extra thousand or two a month.