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Real Estate
Reply to "Sold my house in Frb 2023--the worst time in American history to do so"
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[quote=Anonymous][quote=Anonymous]I don’t understand what’s happening in this post. [/quote] They Sold just as interest rates were going up and they were betting that home prices in general would go down so if they held onto the money for a bit they would be able to get an upgrade for that money. But housing prices didn’t really go down and they now have to get a higher interest mortgage so will pay more on loan fees than before. This is the reason everyone is sticking it out in unfit houses to hold onto low interest rate mortgages. I can see how that stinks op. But houses are a place to live not a retirement account. You probably had a lovely life there good schools etc. many people don’t break even they end up under water. That’s a real crisis. You win some and lose some in housing overall. [/quote]
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