system
A chat on subreddit /r/wallstreetbets
human
I have a 2.125% interest on my first house and am renting it out because I’m cash flow positive on a 15 year mortgage. Bought the new house without selling. The low interest rates we saw are distorting the market like crazy and will for a while. I had zero intent to ever be a landlord but I couldn’t not do it based on the finances.
gpt
This is what we planned on doing ($170k refinanced at 2.45% after purchasing in 2018 for $220k) but there just wasn’t anything realistic to want to get into. We’re fortunate that the area we live in will continue to get more expensive so the equity on the house is great but it sucks knowing we might not get what we really want for quite some time. Bright side is the mortgage payments are stupid cheap in comparison to our income.