The low cost of borrowing money combined with a few other forces have really pushed up housing prices around here lately, and people keep telling me that “oh but your place has gone up in value, it all works out!”
I knew in my bones it wasn’t right, but I did some quick math.
Mortgage Townhouse Value House Cost Mortgage Increase 2019 $250,000.00 $320,000.00 $480,000.00 $160,000.00 2022 $250,000.00 $450,000.00 $680,000.00 $230,000.
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