People who bought a great house with low interest and

[Anonymous]

watched their property value double...how does that feeeel

[Anonymous]

How do you think it feels? Double the taxes, double the insurance, double the cost to invite a repair person out.
Was I supposed to say I'm happy? I don't plan to sell for a long time.

[Anonymous]

Anonymous wrote:How do you think it feels? Double the taxes, double the insurance, double the cost to invite a repair person out.
Was I supposed to say I'm happy? I don't plan to sell for a long time.

+1. You don’t realize the gain until you sell. If you are smart, you stay in the house until you die and then your kids benefit.

[Anonymous]

Anonymous wrote:How do you think it feels? Double the taxes, double the insurance, double the cost to invite a repair person out.
Was I supposed to say I'm happy? I don't plan to sell for a long time.

+2

[Anonymous]

It feels awesome and my taxes hardly went up at all so that's even better. I'm not selling so I'll never see that money but my kids will.

[Anonymous]

18 years ago I bought a starter home at 6% interest but it doubled in value when I sold it 10 years later. I used the proceeds to pay off all of our student loans and put a big down payment on another house in the suburbs. I got a 2.875% interest rate for 15 years and have been paying extra so I’m almost done with my mortgage. Somehow I’m a lowly federal employee sitting on a $1.8 million house in Chevy Chase nearly fully paid off. It feels great, and I’m sure no one knows when I take the metro downtown with my brown bag lunch like the average schmo. Lots of luck.

[Anonymous]

Not so great. The house was great when we bought it, but now we want to move but can't.

[Anonymous]

We bought in 1996, but the interest rate was not low. It has gone up almost 4x over 26 years. The best thing is that we paid it off and now have no mortgage, but the taxes are of course much higher. Doubling twice in 26 years is a nice investment but not super rare.

My parents bought in suburban Boston in 1970 and sold in 1996 for 11x what they paid. So, my parent ROI was much much better.

[Anonymous]

Anonymous wrote:watched their property value double...how does that feeeel

How old are you? 25?

Where are these properties that doubled? I'm in NOVA, they didn't here.

You missed that time when we pondered people who bought a great house around 2000-2001 before prices doubled, tripled, up to 10x value. How did that feeeeeeel. I'd love to know.

I'd also love to know how tearing down a $1m home to build a new 7000+ sq ft McModern with new crypto money or family money would feeeel. Maybe I should ask folks here.

[Anonymous]

Mine quadrupled.

[Anonymous]

Ours did too and I’m SO GLAD we bought more house than we should have at the time. Luckily we can stay put forever. 7000 square feet in good school district at a super low price.

[Anonymous]

Anonymous wrote:

Anonymous wrote:How do you think it feels? Double the taxes, double the insurance, double the cost to invite a repair person out.
Was I supposed to say I'm happy? I don't plan to sell for a long time.

+1. You don’t realize the gain until you sell. If you are smart, you stay in the house until you die and then your kids benefit.

Yep this

[Anonymous]

Anonymous wrote:How do you think it feels? Double the taxes, double the insurance, double the cost to invite a repair person out.
Was I supposed to say I'm happy? I don't plan to sell for a long time.

Cry me a fing river.

[Anonymous]

Anonymous wrote:Ours did too and I’m SO GLAD we bought more house than we should have at the time. Luckily we can stay put forever. 7000 square feet in good school district at a super low price.

7000 sq ft.

[Anonymous]

One of the luckiest financial events of my entire life.