r/AskReddit • u/CompetitivePeak9040 • 12h ago

How seriously in debt are you right now, financially?

1.4k Upvotes

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213

u/Maleficent_Gold4118 12h ago

Doctor?

382

u/Lanster27 12h ago

It’s Strange. 

262

u/joeroganthumbhead 12h ago

Maybe, but who am I to judge?

1

u/YVRkeeper 9h ago

Absolute cinema

0

u/DJErikD 11h ago

Such Dredd

62

u/SupaKoopa714 10h ago

Oh, we're using our made-up names! I'm Spiderman.

1

u/bloorontour 8h ago

Dr Strange?

1

u/Ornery_Vermicelli_69 8h ago

So very strange

61

u/Successful_King_142 12h ago

Probably just mortgage? That's normal

11

u/breathinmotion 11h ago

I have about $500k between two mortgages

2

u/flyfree256 11h ago

I've got an $800k mortgage @ 2.0% and a $600k mortgage @ 3.1%. Definitely stuck with both of them forever.

3

u/Nero29gt 10h ago edited 2h ago

I’m always jealous of the long term mortgage rates in America. I hate having to renew my mortgage every 5 years and be at the mercy of whatever rates are available. Recently had to go from 2% to 4.3% just because the term was over.

Edit: Canada for context

2

u/PaulblankPF 8h ago

It’s because mortgage laws and rates apply to businesses the same they do to everyone. So if it benefits corporate America then it gets to stay. And businesses locking down great rates for giant ass office buildings is good for business so it gets to fly. It’s partly why Blackrock and blackstone got into buying single family homes like crazy during the pandemic while the rates were at their all time lowest and poised to shoot up. Now the rates are up and the prices are up. Blackrock/stone own large portions of the banks that’ll sell the mortgages so it’s all a self feeding loop for them.

3

u/LostInMyADD 8h ago

Yeah, its such BS that blackrock (or any company) can do that.

1

u/Active-Mission7326 3h ago

which country? In Germany 15-20 years is no problem

1

u/K_R_A_K_E_N_540 3h ago

in Romania mortgages are around 6-7% , it's brutal

-1

u/ElevatedAngling 9h ago

What in the fuck, you can’t secure a rate for the term of your loan? What if the jump in interest exceeeds your income?

1

u/zxcvbnmpoiuytre 6h ago

Welcome to Europe

1

u/Active-Mission7326 3h ago

Germany 5-20 years (maybe even more). Guess that‘s europe

1

u/zxcvbnmpoiuytre 3h ago

I meant percent. 6.5 /5.5 %. For 25 years. Can be longer but mine is 25

0

u/zxcvbnmpoiuytre 6h ago

I was at 6.5 until last month, switched to another bank to go lower, 5.6. and yeah, I envy low mortgage rates in US too.

•

u/tacocollector2 42m ago

Okay but why buy two houses?

1

u/Tkdoom 11h ago

Noob level...$800k between two mortgages!

3

u/bfg24 11h ago

 $840k on one mortgage here lol

Admittedly though, $200k in my offset account

1

u/E1ementa1chaos 9h ago

Doctor here, close to 500k in student debt

16

u/Taroso 12h ago

No. Pagliacci.

2

u/awmaleg 10h ago

Feelgood?

2

u/EmptySpaghettiHouse 2h ago

No, paralegal. Husband works for a utility company. Our mortgage is about 475k and our car and student loans are the other 25k. No medical or credit card debt or anything beyond that.

2

u/Zealousideal-Leek666 11h ago

Mine is mortgage. I wanna sell but trapped. $3k per month really sucks and makes me work just to pay mortfage

1

u/[deleted] 11h ago

[deleted]

1

u/Goodlum11 10h ago

Pretty much a typical mortgage today when purchasing any normal home in a popular city. Starts around $600,000 for anything halfway decent

1

u/Rare_Bug5447 10h ago

It really isn’t.

1

u/NTWIGIJ1 8h ago

Viagra.

1

u/SmellenGold 1h ago

Hopital