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Real Estate
Reply to "Isn't trading up going to end as folks are priced out?"
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[quote=Anonymous][i][quote=Anonymous][quote=Anonymous]I thought we were supposed to trade up because we went up a bunch of income rungs. [/quote] Well that, plus your house appreciation to make it possible for a larger house down payment, and wanting a larger house in response to a changed need for housing - in terms of size (kids and/or aging parents moving in), then ideally you can sell for profit to put in retirement You aren’t “supposed to” do anything that’s just one of the strategies, buying younger/earlier/smaller and use the appreciation and your advanced income so you’re not priced out of a nicer house down the line when you need that [/quote] I don’t understand that because won’t all the houses have appreciated at the same rate? How would my appreciation help me trade up?[/quote]
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