I know I’m supposed to want it to keep going up as a wealth generator or whatever.

But like… I wouldn’t be able to afford the monthly payments if I bought my house right now and it’s scary. Also none of my friends are buying homes, none of them are even renting full places. Just like renting rooms.

So what are your feelings home owners of lemmy?

  • @Furbag
    3•1 year ago

    For the regular Joe you always need somewhere to live, so it doesn’t matter if your houses is $100k or $1 million, that money is always going to be tied up in the house and not be spendable.

    I mean, you could take out a loan against your home’s appreciated value, but most people do this to put value back into the house, like remodeling or landscaping. The value isn’t totally tied behind the sale of the house itself, but your point still stands.