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Real Estate
Reply to "Wall Street thinks US homes are overvalued by as much as 30+%"
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[quote=Anonymous][quote=Anonymous]People need to stop thinking of their houses like their personal piggy banks. My house was purchased for 700k in 2015 and now is 1.1m. I don’t think it’s worth that much even though I know it would sell for more than that (we did nicer renovations than they realize). Home ownership should be prized for stability for kids and being cheaper than renting. [/quote] Isn't that essentially what it is, just stability? Because essentially if many of us were to sell now, we'd have to move to a radically different area to actually cash out on the piggy bank. This is why most people are staying put now with high interest rates and prices. A move and financial benefit can only be considered at retirement time. I personally think it's fine and good for MC/UMC older people to have that extra money potential at that time when income becomes fixed...[/quote]
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