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Fellow home owners, are you ready for the housing market to crash? (lemmy.world)
submitted 2 years ago by to c/asklemmy@lemmy.world
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I know I'm supposed to want it to keep going up as a wealth generator or whatever.

But like... I wouldn't be able to afford the monthly payments if I bought my house right now and it's scary. Also none of my friends are buying homes, none of them are even renting full places. Just like renting rooms.

So what are your feelings home owners of lemmy?

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[–] 9 points 2 years ago (2 children)

This is precisely why your home price won't crash. You are locked in and so is everyone else. You literally can't do better, so selling is a bad move.

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  • [–] -1 points 2 years ago (1 child)

    I just sold my condo and went back to renting. Best choice ever. Feels great to be free.

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  • [–] 4 points 2 years ago

    If it makes you feel good, I'd say congrats. I've never owned a condo and it has different considerations than a home. I sold my first house in March 2021 after I bought our current house in 2020. Both felt like some of the smartest, best times moves. I actually do wish I would have bought a more expensive house in 2020, but we're likely buying more land in the next 2-5 years. Not holding some kind of property right now (again, idk about condos), feels like leaving stupid money on the table.

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