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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][b]I don’t understand the mindset of living in a house you don’t want anymore just because you got a good deal on it. [/b] Eventually housing prices will have to come down because as has been pointed out here, higher interest rates puts many houses out of reach for a lot of potential homebuyers. And of course renting is still an option.[/quote] Really? We can’t afford anything better. What’s so hard to understand? And honestly my parents became house poor when they upgraded to a bigger house, so that experience has stayed with me somewhat.[/quote] It's called living within your means. My parents carried two mortgages during a housing recession after moving us to a better house and being house poor caused a terrible strain on the family for several years even with renters. Made an indelible mark on me never to let the wants override the needs. [/quote]
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