GiddyGap@lemm.ee to News@lemmy.world · 6 months agoA Huge Number of Homeowners Have Mortgage Rates Too Good to Give Upwww.nytimes.comexternal-linkmessage-square79fedilinkarrow-up126arrow-down11
arrow-up125arrow-down1external-linkA Huge Number of Homeowners Have Mortgage Rates Too Good to Give Upwww.nytimes.comGiddyGap@lemm.ee to News@lemmy.world · 6 months agomessage-square79fedilink
minus-squareKaiReeve@lemmy.worldlinkfedilinkarrow-up4·6 months agoI recently gave up my 3% mortgage from 2013 in exchange for a 7% mortgage. It hurts, but it was worth it to get out of Florida. In the end, my housing costs actually didn’t change that much because my home insurance rates were skyrocketing.
minus-squaredogslayeggs@lemmy.worldlinkfedilinkarrow-up5·6 months ago but it was worth it to get out of Florida. You could put almost any horrific thing in front of that phrase and it sound valid. I had to keep my arm in a tub of fire ants for 5 minutes, but it was worth it to get out of Florida.
minus-square5oap10116@lemmy.worldlinkfedilinkarrow-up3·6 months agoI had to cut off several limbs leading to a bad case of sepsis… I had to sell a few children (not mine) along the way engage in some other morally questionable activities… I had to sacrifice my first born like Abraham did his Isaac… …but it was worth it to get out of Florida
minus-squareCosmicTurtle0@lemmy.dbzer0.comlinkfedilinkEnglisharrow-up2·6 months agoIt reads like a country song… 🤌
minus-squarebillwashere@lemmy.worldlinkfedilinkEnglisharrow-up1·6 months agoI could not agree more. The flip side is likely true as well… “I’d rather put my arm in a tub of fire ants for 5 minutes than move to Florida. “
minus-squareLordOfTheChia@lemmy.worldlinkfedilinkarrow-up1·edit-26 months agoAlso home insurance isn’t tax deductible (to my knowledge unless you’re renting the house and then it counts against the income you made renting) but the interest paid is.
I recently gave up my 3% mortgage from 2013 in exchange for a 7% mortgage. It hurts, but it was worth it to get out of Florida.
In the end, my housing costs actually didn’t change that much because my home insurance rates were skyrocketing.
You could put almost any horrific thing in front of that phrase and it sound valid.
I had to keep my arm in a tub of fire ants for 5 minutes, but it was worth it to get out of Florida.
I had to cut off several limbs leading to a bad case of sepsis…
I had to sell a few children (not mine) along the way engage in some other morally questionable activities…
I had to sacrifice my first born like Abraham did his Isaac…
…but it was worth it to get out of Florida
It reads like a country song…
🤌
I could not agree more. The flip side is likely true as well…
“I’d rather put my arm in a tub of fire ants for 5 minutes than move to Florida. “
Also home insurance isn’t tax deductible (to my knowledge unless you’re renting the house and then it counts against the income you made renting) but the interest paid is.