@Logicopa@nickgerli1 Yep. Not sure why these people insist that housing prices need to tank. Where are all these buyers sidelined with a pocket full of cash ready and waiting to buy a house outright, but only if pricing drops? That seems to be the one scenario where price would actually matter.
@LuayOnX@nickgerli1 The math doesn't work? Seems like it does if you look at an amortization schedule. Drop the rate to 3%, pay less per month and less total interest than if housing drops by another 25% over a 30yr loan. Most buyers aren't buying homes without a mortgage.
@nickgerli1 Congratulations, you've gathered the opinion of a bunch of financially illiterate people who will never buy a house because they're hung up on the base price as if they would buy it without interest. They're also your followers who likely share your opinion. Great poll.
@nickgerli1 If rates were at 3% again I would be paying less in interest and have a smaller monthly payment than if housing prices dropped by 25%. Are you suggesting prices need to come down even more than that? That's the only way for your math to ring true.