I’m OK with that, the housing market is in a giant bubble and it needs to crash. I say that as someone who bought a house at the lowest price point right at the start of the pandemic, combined with an incredibly low interest rate. Theoretically my home is worth almost 50% more now, 4 years later.
Theoretically my home is worth almost 50% more now, 4 years later.
Yep, and having your house have a higher paper value doesn’t help you much at all as a home buyer that lives in the place. Your taxes go up in most localities, and it makes upgrading that much more impossible because everything else went up in price too.
It only helps if you want to move to some other place where prices are much lower, which I’m good on moving to Idaho or whatever.
I’m OK with that, the housing market is in a giant bubble and it needs to crash. I say that as someone who bought a house at the lowest price point right at the start of the pandemic, combined with an incredibly low interest rate. Theoretically my home is worth almost 50% more now, 4 years later.
Thaaaaat’s a bubble.
Yep, and having your house have a higher paper value doesn’t help you much at all as a home buyer that lives in the place. Your taxes go up in most localities, and it makes upgrading that much more impossible because everything else went up in price too.
It only helps if you want to move to some other place where prices are much lower, which I’m good on moving to Idaho or whatever.
It’s great for your paper net worth…yay. 🙄