Anonymous wrote:50s bought 8 years ago , 250% equity, we owe 1 m and house would by conservative comps sell for over 3.5 M.
We should sell and invest the equity but we have low property taxes and a 2.25 % mortgage. We really like our area and the other areas we would consider have run up in price as well. At these price points, the whole hand a realtor 4-5% for doing squat is another no go. We are seeing more people do lower commissions but the bottom feeder agents are trying their best to not let go.
Someone doesn’t understand math.