Replies to post #551921 on Tornado Alley (PROG)

[Zorax]

You do a terrible job of recollection. Is that because you're as old as I or is it intentional BS?
Took me 8 seconds.

Key takeaways

Looking at the past four decades, the average rate on a 30-year fixed mortgage peaked in 1981, rising just above 16 percent.
The average 30-year fixed rate bottomed in 2021 at just under 3 percent.
So far in 2025, the average 30-year mortgage rate has fluctuated between 6.26 percent and 7.19 percent. As of Nov. 1, the average 30-year rate was 6.19 percent.

https://www.bankrate.com/mortgages/historical-mortgage-rates/

[dinogreeves]

I am against renting, against 50 year mortgage and against adjustable rate mortgage. My dad bought his first property in the US for 90,000 dollars 44,000 square foot land, just a tad bit over an acre, and with three retail storefront facing Foothill Blvd in La Crescenta, California when the rates were at 18% early 80's, all cash, the rest of the property he build a 13 bay auto mechanic shop, he later subdivided the property and sold the portion with the three storefronts for 180,000 dollars a year after. When we came to this Country the first two years we were living of interest at 18%. However, some people believe renting is better than owning, their reasoning is property taxes and maintenance (I am totally against that much like a mortgage term for 50 years, unless of course 200,000 dollar home might make sense, but you have to sacrifice for a shitty location out in the backwoods of no mans land)