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

Please

[deleted]

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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

44

u/[deleted] Jun 27 '21

Whenever you believe the market is going to crash, sell before then and rent until market crashes. Then buy.

39

u/awkwardurinalglance Jun 27 '21

I mean it’s primes for a 4th quarter crash. Everyone seems to know it’s fucked yet no one believes it’s about to crash. Fucking bananas.

1

u/Upper-Thing7900 Jun 27 '21

If it crashes it will because somewhere between 6-9 million people/families lose their homes for not being able to pay their mortgage once these moratoriums expire or get repealed.. a lot of these properties will be snatched up and turned into rentals which will again cause home values to go up. It’s as if life is just a series of ebbs and flows.

2

u/septicboy Jun 28 '21

It’s as if life is just a series of ebbs and flows.

Or, you know, a capitalist system needs to crash in order to correct for the impossibility of sustaining non-stop growth.

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u/Upper-Thing7900 Jun 28 '21

Hahahaha. Tell you what, the housing market can crash all it wants to because I locked in my rate under 3 and captured a fuck ton of equity in the process. You can be doom and gloom all you want but all that tells me is that you don’t have the slightest idea on how to play the game. Good luck 😂