My first mortgage was a variable rate loan which started at over 11 percent. Started. Of course, that was back in, like, 1843. Homes cost a lot less.
Today, mortgage rates are still very low, about 4 percent, and with the Fed planning to eventually start raising rates again—maybe this year—it may be time to finally move up to the biggest house you can afford.
Even if you're in the .00001 percent crowd, and the house you want to buy costs $195 million. Imagine the interest payment on that loan!
Zillow has come up with a list of the top, best, most expensive homes on the market in the U.S.
Here's my takeaway after looking at these houses: If you enjoy going to the bathroom a lot, imagine never having to go twice in the same place in the same week.