30 year mortgage rate spikes again, and this town has officially lost its mind over what people are paying for 800-square-foot shacks.
I swear, if I see one more post about 'inventory issues' or 'supply chain,' I’m going to scream. My neighbor’s kid just locked in a 30 year mortgage rate at 7.8% for a house that literally has a 'cozy' closet you can’t fit a vacuum in. Common sense says you don’t pay half a million for a glorified shed with a new coat of paint. But here we are, watching everyone act like this is normal. Meanwhile, the local news is all 'first-time buyers are feeling the squeeze.' No, Becky, we’re feeling the sheer stupidity of inflated prices and zero regulation. Back in my day, you saved for a decade, bought a fixer-upper, and didn't cry about a 5% rate. Now it’s 'cute decor' and 'farmhouse sinks' while you’re house-poor at 35. This bubble is gonna pop, and I can’t wait to see the 'for sale' signs. Rant over.