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True: people can afford $X/month. The proportion that goes towards interest is less relevant.

In fact, I'd prefer a lower sticker price & higher interest rate to get to $X. That way when interest rates inevitably drop at some point I can refi at the lower rate and get the partial benefits of both lower sticker $ and interest %.



Low interest rates and high price is also quite simply a huge profit for existing homeowners at the expense of new homeowners, all pushed by banks.

It's almost as if macroeconomics is a real topic after all! /s




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