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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 smaller house would be more than we paid for our original house 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] No hate here. It doesn't make sense for older people to downsize unless they're paying cash for their next home. At least your home is large enough to host your grown kids and grandkids when they visit.[/quote] +1. Why would you downsize into any type of mortgage?[/quote]
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