Mortgage rates rise and home prices rise not even sure what the difference is between the two. How does this affect my chances of buying my new home? I don’t really get Real Estate jargon and I’m terrified of getting scammed.
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God our education sucks. I took a ‘trial’ home economics class that focused on economics. We had to balance a checkbook, we picked stocks, we opened fake ‘credit cards’ and tracked expenses, had to calculate, by hand APR and compounding interest, and for our final paper build a home budget. Everyday the teacher had on the board the expenses we took and income we earned over a week or month. The last test for bonus points was completing tax forms by hand using our classes fake W2, charity donation, mortgage…. . I thought it was fun and I took those lessons with me unlike most other class in HS or College. I don’t think they still have this class (91 or 92?) since my 2yr younger brother didn’t have the option.
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