Personal Finance

3808 readers

1 users here now

Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!

Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)

founded 1 year ago

MODERATORS

[email protected]

nieceandtows

[email protected]

Mortgage rates soar to their highest level in 21 years (www.cnn.com)

submitted 1 year ago by [email protected] to c/[email protected]

20 comments fedilink hide all child comments

The 30-year fixed-rate mortgage averaged 7.09% in the week ending August 17, up from 6.96% the week before. Rates have been above 6.5% since the end of May and climbing higher since mid-July. This week’s average rate is the highest the 30-year, fixed-rate mortgage has been since April 2002 when it was 7.13%.

you are viewing a single comment's thread
view the rest of the comments

[–] [email protected] 4 points 1 year ago (1 children)

Nah fuck townhouses and condos. I lived in apartments for almost a decade and I never want to share walls or floors/ceilings with other people again.

I don’t want to pay a quarter million plus to still here my neighbor walking around or playing music in their living room or anything else. Even the few feet of space plus exterior walls in OPs picture eliminate so much noise

[–] [email protected] 1 points 1 year ago

I lived in three apartment buildings before buying my house, and each had very different noise characteristics. The first (old but remodeled) was very quiet, the second terrible (old and poorly maintained), and the third was acceptable (new-ish). It all has to do with how it's built, and that's something that can usually be figured out before buying if you talk to the neighbors.

So if you can find a good townhouse or condo where noise isn't really an issue, then you get the benefits of a more compact living area, like being closer to downtown. Getting downtown from my current house takes 20-30 minutes, but for my coworkers who live in townhouses in the city, it's like a 5 min train ride.

So when the kids leave the house, I'll be more interested in being close to things than the benefits of a house (space, quiet, etc).