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Right, creepy has the mortgage rates so high normal people can't afford them.Normal people can't afford homes now. Designers and architects don't like "four-cornered" houses. They design in as much extra cost as they can. "Starter" homes are a thing of the past. We need more "McMansions".
Non sequitur reply.We build on the floodplain ... we build in wildfire country ... we build right along the Gulf and Atlantic Coasts ...
If we didn't, then there'd be no housing for employees for our new businesses ... we can't open of businesses without employees ... [sigh] ... weather has nothing to do with this ...
We already know it will flood in the floodplain ... why we call it a "floodplain" ...
or a comma, but thanks. I am not above making mistakes with grammar, and I don't lose my shit for people pointing them out. I thank them, helps my experiences. But you, you feel you are above me and I don't have a right correcting you!! admit it cuck!!The "Y" in 'you're' should be capitalized. And, it should read "Your", not "you're".
Oh, literate one.
Normal people can't afford homes now. Designers and architects don't like "four-cornered" houses. They design in as much extra cost as they can. "Starter" homes are a thing of the past. We need more "McMansions".
Right, creepy has the mortgage rates so high normal people can't afford them.
7 percent isn't that bad, historically speaking.Right, creepy has the mortgage rates so high normal people can't afford them.
Year | 30-year fixed-rate average |
---|---|
Sources: Bankrate, Freddie Mac | |
2023 | 7.00% |
2022 | 5.53% |
2021 | 3.15% |
2020 | 3.38% |
2019 | 4.13% |
2018 | 4.70% |
2017 | 4.14% |
2016 | 3.79% |
2015 | 3.99% |
2014 | 4.31% |
2013 | 4.16% |
2012 | 3.88% |
2011 | 4.65% |
2010 | 4.86% |
2009 | 5.38% |
2008 | 6.23% |
2007 | 6.40% |
2006 | 6.47% |
2005 | 5.93% |
2004 | 5.88% |
2003 | 5.89% |
2002 | 6.57% |
2001 | 7.01% |
2000 | 8.08% |
1999 | 7.46% |
1998 | 6.91% |
1997 | 7.57% |
1996 | 7.76% |
1995 | 7.86% |
1994 | 8.28% |
1993 | 7.17% |
1992 | 8.27% |
1991 | 9.09% |
1990 | 9.97% |
1989 | 10.25% |
1988 | 10.38% |
1987 | 10.40% |
1986 | 10.39% |
1985 | 12.43% |
1984 | 13.88% |
1983 | 13.24% |
1982 | 16.04% |
1981 | 16.64% |
1980 | 13.74% |
1979 | 11.20% |
1978 | 9.64% |
1977 | 8.85% |
1976 | 8.87% |
1975 | 9.05% |
1974 | 9.19% |
1973 | 8.04% |
1972 | 7.38% |
dor there's7 percent isn't that bad, historically speaking.
Summary: Historical mortgage rates
Over the last 50 years, mortgage rates have reached both peaks and valleys, from the high of 18 percent in the 1980s to today’s relatively moderate, but somewhat volatile figures.
Below is a summary of the average 30-year fixed mortgage rate by year. From the mid-1980s on, the numbers reflect Bankrate’s calculation of the effective mortgage rate, which takes into account the average number of points borrowers pay. The data from the 1970s to the early 1980s is based on Freddie Mac’s reporting.
Year 30-year fixed-rate average Sources: Bankrate, Freddie Mac 2023 7.00% 2022 5.53% 2021 3.15% 2020 3.38% 2019 4.13% 2018 4.70% 2017 4.14% 2016 3.79% 2015 3.99% 2014 4.31% 2013 4.16% 2012 3.88% 2011 4.65% 2010 4.86% 2009 5.38% 2008 6.23% 2007 6.40% 2006 6.47% 2005 5.93% 2004 5.88% 2003 5.89% 2002 6.57% 2001 7.01% 2000 8.08% 1999 7.46% 1998 6.91% 1997 7.57% 1996 7.76% 1995 7.86% 1994 8.28% 1993 7.17% 1992 8.27% 1991 9.09% 1990 9.97% 1989 10.25% 1988 10.38% 1987 10.40% 1986 10.39% 1985 12.43% 1984 13.88% 1983 13.24% 1982 16.04% 1981 16.64% 1980 13.74% 1979 11.20% 1978 9.64% 1977 8.85% 1976 8.87% 1975 9.05% 1974 9.19% 1973 8.04% 1972 7.38%
Interesting that that's where people go during a tornado or hurricane. Perhaps if the concrete was extended a little higher...When could normal people afford homes? ... without government help ... the working class rents, from The Rich, and that was set in stone until the American Revolution ...
A full quarter of the cost to build a home is buried ... never to be seen again ... whether starter or McMansion ... it takes an EF-6 tornado to just expose the foundation ...
Non sequitur reply.
Covid policies drove much of that.dor there's
After creepy took over.
Mortgage rates have been historic in their own right during the past few years. The average 30-year fixed rate reached an all-time record low of 2.65% in January 2021 before surging to 7.79% in October 2023, according to Freddie Mac.
Interesting that that's where people go during a tornado or hurricane. Perhaps if the concrete was extended a little higher...
Covid policies drove much of that.
what policies?Covid policies drove much of that.
Most roofs are 'sheathed' with 1/2" CDX.
whose were those? demofk governors? yeppers. Trump's policy was only for thirty days. You should actually talk truth rather than disseminate disinformation.The ones that shut down nearly the whole economy.
Spend it up front, save on insurance forever.