first of all, interest rates right now are just under 7%. but i get what you're saying. you're missing the point though. if you have to take out a massive loan to finance your home, you are feeding into the problem and allowing home prices to remain very high. without demand for overpriced homes, the market will correct itself. look how cheap philly is. not even the wokest hippies want to live next to rabid philly niggers and fent addicts. so the cost of a townhouse in north philly is $1... even one in good shape is maybe a couple thousand at max. the market corrected itself there.
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