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Reply to "I was so close and now I’m shut out"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Was so close to buying in 2020 and 2021 and now those properties I could afford at 1.2 and 3% are at 1.7 and 6.8% and I am locked out of the UMC for the rest of my life. No equity here.[/quote] Why does a single woman need at $1.2 houses let alone a $1.7M house. [/quote] I have 2 kids. And you are missing the point. No house that was 1.2 2 years ago should be 1.7 now.[/quote] You should buy what you can afford and get on the property ladder. Then you can upgrade in the future. You don’t want to be 65 and renting. [/quote] DP. My DH and I own but at 65 would like to rent - no more upkeep.[/quote] Presumably you have equity in your current home that will allow you the freedom to rent where you want and move if you have to. Renting in retirement because you have to makes you vulnerable to the whims of a landlord. No one wants to be forced to move at 75 because the landlord raised the rent. [/quote]
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