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geoff5093 t1_jegrirc wrote

Reply to comment by cleaningupmess2023 in 20K IRS bill and no idea how to handle by cleaningupmess2023

So you sold your old house to make a few bucks, then bought at the height of the market at a much higher interest rate? Why? And why would you put $58k towards student loans instead of paying off your credit card debt?

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XeoSP t1_jegv7nr wrote

May of 2022 would've been a low interest rate

By "height of the market" he means home price

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pragmaticpro t1_jeh4f3q wrote

Student loans aren't always a low interest rate debt like most would expect, especially on private student loans. Not sure if it was the 13% rate OP mentions or another.

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