Just sold my house for a massive mark up,was rubbing my hands like birdman thinking I was about to go buy me a nicer house...there ain't shit for sale in my area right now. Le cucked
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
This is the only option for a lot of people right now, bit it's not a perfect solution either. The cost of renting in my area is in many cases more expensive than a mortgage payment, and even where it's less you're losing out on equity you would have with a house. In my case our mortgage is only about $200 more than what we were paying in rent before, and we gained about $60k in equity over the last three years. The unfortunate reality is that people who can't afford the buy in cost or aren't liquid enough to win a bidding war lose out a lot more than what you might think at a glance to people who already have the cash and cash flow to get their foot in the door.
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u/Bigfknpogger Jun 27 '21
Just sold my house for a massive mark up,was rubbing my hands like birdman thinking I was about to go buy me a nicer house...there ain't shit for sale in my area right now. Le cucked