The trick is to sell in THIS market and buy in some OTHER market. Not an impossible trick, but not gonna work if you’re unwilling to move to someplace else… or rent for a while. Or “have planned ahead and bought something last year”.
The supply of homes is not as great as the demand; we’ve been there before. Will austerity bring prosperity or should we do something progressive to restore balance?
You can “flip” and come out better IF you increases your radius from the point of your sale. If you are anchored to an employer then count on a much longer commute and determine what it will do to your health and quality of life.
I have gotten two unsolicited offers to buy my house. I just don’t see how I will go from 2000sf to a Winnebago. No way I want to leave the area I have lived fr over 40 years.
Not just MAGA, let’s have a real close look at monopoly capitalism and the folks who don’t purchase to live in, but rather have turned housing into just one more investment commodity.
I have paid off the original mortgage on my house and owe less than a year’s apartment rent on the second mortgage. Taxes, insurance, and utilities is less than $8000 a year.
Concretionist almost 3 years ago
The trick is to sell in THIS market and buy in some OTHER market. Not an impossible trick, but not gonna work if you’re unwilling to move to someplace else… or rent for a while. Or “have planned ahead and bought something last year”.
Aliquid almost 3 years ago
The only time the housing market really matters is when you are getting into the market and when you are getting out.
superposition almost 3 years ago
The supply of homes is not as great as the demand; we’ve been there before. Will austerity bring prosperity or should we do something progressive to restore balance?
Daeder almost 3 years ago
Well you heard it from @Kyrie Eleison first!: “Democracy sucks”
It explains so much of what motivates conservatives.
ferddo almost 3 years ago
Some people have to become homeless before they bother to plan ahead…
admiree2 almost 3 years ago
You can “flip” and come out better IF you increases your radius from the point of your sale. If you are anchored to an employer then count on a much longer commute and determine what it will do to your health and quality of life.
I have gotten two unsolicited offers to buy my house. I just don’t see how I will go from 2000sf to a Winnebago. No way I want to leave the area I have lived fr over 40 years.
pamela welch Premium Member almost 3 years ago
Spot on Marty; as always — Thank you ♥
grumpypophobart almost 3 years ago
Not just MAGA, let’s have a real close look at monopoly capitalism and the folks who don’t purchase to live in, but rather have turned housing into just one more investment commodity.
PoodleGroomer almost 3 years ago
I have paid off the original mortgage on my house and owe less than a year’s apartment rent on the second mortgage. Taxes, insurance, and utilities is less than $8000 a year.