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Real Estate
Reply to "Does anybody have a grip on the housing market?"
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[quote=Anonymous]Things are gonna stay tight because who is gonna sell their home mortgaged sub 3.0%??!?? It’s stupid bat 🦇 shit crazy. For example, I bought brand new in Vienna at 1.4 million, i refied at 2.87, house is easily 1.8 mill in this market but if I sell and upgrade, wtf dude?? Pay double in mortgage for a slight upgrade? No thank you, I will stay put and screw the equity I got lucky on. This is what sellers are facing, it just doesn’t make any financial sense to sell my house. Conclusion, don’t expect prices to fall significantly because current owners are not stupid enough to sell you their house. Just face the fact that you missed out on this bull run, you have to wait it out. [/quote]
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