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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 [b]smaller house would be more than we paid for our original house [/b]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] That’s a dumb comparison. [/quote] I thought that too on my initial read. Like yeah, the house you bought in 1992 for 300k? No you’re not going to get a smaller, but equally nice house in an equally nice area for less than that. It’s 30 years later. [/quote]
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