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?

  • TropicalDingdong@lemmy.world
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    1 year ago

    This is precisely why your home price won’t crash. You are locked in and so is everyone else. You literally can’t do better, so selling is a bad move.

    • TheWoozy@lemmy.world
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      1 year ago

      Yep. Nobody’s buying, because they can’t afford to, and nobody’s selling because they can’t afford to.

      • TropicalDingdong@lemmy.world
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        1 year ago

        If it makes you feel good, I’d say congrats. I’ve never owned a condo and it has different considerations than a home. I sold my first house in March 2021 after I bought our current house in 2020. Both felt like some of the smartest, best times moves. I actually do wish I would have bought a more expensive house in 2020, but we’re likely buying more land in the next 2-5 years. Not holding some kind of property right now (again, idk about condos), feels like leaving stupid money on the table.