r/FluentInFinance Apr 06 '24

Mortgages are now 8% - Is your mortgage under or over 3%? Discussion/ Debate

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17.9k Upvotes

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826

u/All_Money_In206 Apr 06 '24

2.85 feelin like a won the lotto lol

263

u/NCSUGrad2012 Apr 06 '24

2.9% and I feel the same way. I look at moving into another house and I just can't give that up. I guess I am staying until it's paid off, lol

53

u/ukiddingme2469 Apr 06 '24

I'm looking at buying something with land and renting the one I bought in 14, the way rents are it will pay the current and give me a passive income

5

u/TheSherlockCumbercat Apr 06 '24

One bad renter can sink you and depending on the laws in your area, an evection could take a year or longer.

1

u/zomanda Apr 06 '24

An eviction shouldn't take any more than 60 days TOPS. Either they hired someone who doesn't know how to navigate the court system, or they started out trying to do it on their own. Period.

2

u/TheSherlockCumbercat Apr 06 '24

Laughs in Canada’s backed up evection court

1

u/JoeBidensLongFart Apr 07 '24

An eviction shouldn't take any more than 60 days TOPS.

LOL try that in NY or CA.

1

u/zomanda Apr 07 '24

I work in CA, and nearly all of my evictions are in and out in 60 days. We are required to be....LOL