For a $700K Boston home, a 30-year mortgage with 5% down delivers a $5000 monthly payment and almost $1.8M overall. How is this affordable?
I’m intrigued too—do current rates really let buyers breathe? It seems there must be a trick with income or credit scores. What do you think about alternative strategies, like adjustable rates or refinancing, that some might consider?
i think it’s kinda like betting on future pay increases. many buyers risk big if the market turns slow. the thin margin on affordability isn’t for everyone, so it’s really a high-stakes gamble for most.