People who bought a great house with low interest and

[Anonymous]

It feels amazing. I was able to refinance at a sub 3% rate, pay off debt and put myself on a long-term, stable financial footing that otherwise I might never have reached. I am thankful every day for this luck.

[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.

Also really glad we stretched to buy right before everything took off. Probably have to live here forever so glad that it's big enough/great schools/etc. Was nerve wracking at the time though.

[Anonymous]

Anonymous wrote: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.

This is me and I am good with that. Let my kids have it.

[Anonymous]

Anonymous wrote:One of the luckiest financial events of my entire life.

+1 That's how I feel. We bought for $330k seven years ago, when interest rates were nothing. We refinanced a couple of years ago to redo our kitchen - and our rate didn't change much.

Zillow thinks our house is worth between $700 and $800 today. I feel such relief that if I ever needed to, I could sell and have money to live on. I feel so immensely grateful.

Obviously it would be hard to sell - where would we go? - but we love this house, and hope to stay here a long time.

Honestly, I feel like I need to knock wood a hundred million times, but this must be how people feel who bought in Arlington in the 90s.

[Anonymous]

Probably not as great as my parents who bought in 1993 for $185k and are now selling for $1.2mil.

[Anonymous]

Real estate has been good to my family. My parents bought in 1976 for $85,000 and sold in 2000 for $3.5 million. I bought in 2012 for $1.05 million and sold in 2021 for $2.6 million. Also bought in late 2021 right before interest rates took off. (Obviously my parents were even luckier than I was.)

[Anonymous]

We have a 2.25% mortgage and are very thankful. Our low housing costs will make us wealthy.

However, had I to go back to 2018 I would have bought way more house than I did. The plan was to buy an inexpensive place to get to know the area then go for a significant upgrade.

Welp, guess we aren’t moving now. I’m bummed but realize how lucky we are.

[Anonymous]

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

It didn't double, it's about 150 more, that's all.

[Anonymous]

It feels like I'm stuck in what I thought would be a starter home because yeah the value went up 50% in 5 years, but so did everything else and I still need a place to live, so its not like I can sell and reap the benefits. I am, however, very grateful for a low interest rate and stable mortgage. I am happy I'm not trying to buy my first home now. But I hate that I dont have options to move, like, probably ever. And yeah, my insurance and hoa fees are way higher and it costs crazy amounts of money to fix anything.

[Anonymous]

You don't feel anything because it is all just magical numbers on a paper. All you feel is higher bills from insurance and taxes.

[Anonymous]

I personally am most proud of the beach house that we bought as a major fixer upper and it's and least doubled if not tripled.

My main house not so much. Only because the taxes are awful.

We have two other homes that have not appreciated at all (less desirable areas).

[Anonymous]

Anonymous wrote:We have a 2.25% mortgage and are very thankful. Our low housing costs will make us wealthy.

However, had I to go back to 2018 I would have bought way more house than I did. The plan was to buy an inexpensive place to get to know the area then go for a significant upgrade.

Welp, guess we aren’t moving now. I’m bummed but realize how lucky we are.

In a similar boat. My house isn’t inexpensive but is in a relatively expensive area (and now much more so.) we were in our late 20s/early 30s when we bought seven years ago, and I didn’t want to stretch further. Now I wish we had as there are several things about our house we have outgrown. But glad we’re already in the market and bought at a fair price with a low mortgage.

[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.

+2

My property taxes doubled this year due to a rate increase and a reassessment.

[Anonymous]

Anonymous wrote:You don't feel anything because it is all just magical numbers on a paper. All you feel is higher bills from insurance and taxes.

Insurance and taxes are also magical numbers.

[Anonymous]

Anonymous wrote:

Anonymous wrote:One of the luckiest financial events of my entire life.

+1 That's how I feel. We bought for $330k seven years ago, when interest rates were nothing. We refinanced a couple of years ago to redo our kitchen - and our rate didn't change much.

Zillow thinks our house is worth between $700 and $800 today. I feel such relief that if I ever needed to, I could sell and have money to live on. I feel so immensely grateful.

Obviously it would be hard to sell - where would we go? - but we love this house, and hope to stay here a long time.

Honestly, I feel like I need to knock wood a hundred million times, but this must be how people feel who bought in Arlington in the 90s.

Live where on? Where you want to live is more expensive now.