At 7% interest rate, why would anyone buy a house?

Let's just say you took a 500k loan, and you put 20% down ( 100k).

At 3%, you would pay around 207k in total interest paid.

At 7%, you would pay 558k and that's just insane.

Submitted October 20, 2022 at 02:43AM by doktorrii https://ift.tt/zCAYEIP