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Real Estate
Reply to "Americans locked into lower mortgage rates have been increasingly unwilling to sell their homes."
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Yep we are the older people everyone likes to blame at the moment. 3000 sq ft house in a good school district, almost paid off. more house than we need or want and we would love to downsize, but the way prices are, a smaller house would be more than we paid for our original house and with a mortgage would actually cost more than we are paying at the moment. we don't want to stay put, but it doesn't make any sense to move. [/quote] +1 I will say, though, that when we bought our first house for $750K, the rate was 6%, and that was considered pretty good. [/quote] DP. It’s just weird. There’s so much unused house. One kid is out and the other is going next year. It’s just me and my son in the house but between school, friends, and sports he seems to never be home. I would love a cozier space just for me.[/quote]
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