Reply to Americans locked into lower mortgage rates have been increasingly unwilling to sell their homes.

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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]I’ll sit on my 2.75% 30 year for as long as possible.  I’ll rent it, leave it vacant, whatever it takes.  5-6 years from now the payment will be a shrinking portion of my take home.  I look forward to sticking to the banks.  I still have DTI left at my current income to finance another house.  I will NEVER sell.  [/quote]

This is such a strange flex. So you'd rather be a landlord rather than sell and invest the proceeds, no matter which scenario makes more financial sense?[/quote]

No, I agree with the first PP. We're in the same situation. My neighbor upgraded right before Covid, and rents out her first house. My DD's friend moved to a larger house, but they're renting out their old home. We're all in Bethesda. People are trying to hang on to those properties, because the longer you hold on to them, the more valuable the land is. We stayed in our tiny starter home, and now our oldest is in college. If/when we move, one of our kids may use the house.

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