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Reply to "Millennial mortgage payments "
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[quote=Anonymous]1984 and 1983 millennial. We bought our large-ish sfh on a busy street for $880 in 2016. It required a new roof, lots of landscaping, and some repairs but was otherwise livable. Mortgage we refinanced twice down to $3900. We also added a bathroom to the basement. Getting below $4k felt good. Now we need a new kitchen (appliances and cabinets dying). We have enough room for each of our 3 kids to have a bedroom and two wfh offices. But, again, we live on a busy street. So tradeoff on growth of house value is real. My guess is we could sell for $1.1 easily now but that’s not that much growth given how much we’ve put in to renovate the house already.[/quote]
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