The topic of high rent costs has dominated every discussion forum imaginable, not just in NYC but nationally, over the past 2 years. From expert panels to first dates, everyone seems to be equally bewildered at how home prices continue to rise in the face of rising interest rates and migration trends towards less populous areas.
Thanks for the mention of EquiFi in your post, Josh. One point to add to the HEI contracts is that the interest rate cap(IRR) is an important element. The caps have the greatest impact in the early years. When you get out to the longer terms that IRR drops dramatically. There is also the term of the contract that is important for the homeowner. They range from a 10-year term to our contract which is the only one that allows the homeowner(s) to remain in their home without fear of being forced to sale their home on someone else's terms.
Thanks for the mention of EquiFi in your post, Josh. One point to add to the HEI contracts is that the interest rate cap(IRR) is an important element. The caps have the greatest impact in the early years. When you get out to the longer terms that IRR drops dramatically. There is also the term of the contract that is important for the homeowner. They range from a 10-year term to our contract which is the only one that allows the homeowner(s) to remain in their home without fear of being forced to sale their home on someone else's terms.