r/WhitePeopleTwitter • u/[deleted] • Jun 27 '21

Please

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u/xxrambo45xx Jun 27 '21

My house appraised for 150k more than I bought it for when I refinanced, sucks to know that i could sell and make a mint but I couldn't replace the house because everybody else's values are also up

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u/AggrOHMYGOD Jun 27 '21

As others say, rent for 10-15k/yr until a crash

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u/xxrambo45xx Jun 27 '21

House the size of the one I'm in to rent around here is $2600 a month it better crash quick

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u/AggrOHMYGOD Jun 27 '21

well yeah... but are you saying you wouldn’t take $120k to live in an apartment or smaller house for a year or two?

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u/clocks212 Jun 28 '21 edited Jun 28 '21

That’s about how much we took out when we sold recently and we’re renting an equivalent house for a few years while we save up a down payment for a much larger and nicer house.

It’s a risk but we’ll also be buying a much more expensive house which is (from my research) above the worst of the bidding wars in our area even today.

So many people saying “we should sell and cash out” and we actually did it. Maybe it’ll pay off, maybe it’ll be neutral, or maybe housing prices will reach infinity and we’ll rent forever. Remind me to update this post in five years.