system
A chat on subreddit /r/wallstreetbets
human
wouldn't the $104k price point allow more folks access to it and more folks to pay it off sooner? the $225k price point favors people selling or already have real estate
gpt
It really benefits people who can pay cash. There’s always winners and losers. Most people finance 80% over 15 to 30 years and for them housing prices will just get worse in a rising rate environment because rates rise faster than property values fall.