this post was submitted on 01 Jun 2024
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[–] [email protected] 4 points 9 months ago

I bought a house in 2020, and my mortgage was just a bit over $1k. It was a bottom-of-the-barrel house in a bad part of town, though. I sold it and bought a better house last year, and now my mortgage is nearly double what it was, though the interest rate is a big factor in that - if interest had stayed the same, it'd only be about $1.5k. I'd imagine if you bought am average house with a good interest rate over a decade ago, you probably only have $1k mortgage.