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In reply to the discussion: Home prices are going to start falling, and it's going to be a major shitshow for the country [View all]pwb
(11,351 posts)22. I hope to live everything but maybe my last hours of my life in my home.
When my home value falls from a blip high like we have now it really means nothing. Historically my home value rises yearly. Even the cost of construction material raises value. People are making big money these days. Couples together are making more.
I live in a Blue State where things just seem to keep moving forward. My family will end up with what is my little place on earth. They can sell it to the Billionaires...
I have been fortunate, but it wasn't easy for a time. Being young was hard for me but being old is nice. I hope that continues for our country.
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Home prices are going to start falling, and it's going to be a major shitshow for the country [View all]
Hugh_Lebowski
Jun 2022
OP
You only feel the effects of being underwater only if you go to sell. Otherwise you won't
in2herbs
Jun 2022
#40
I'm really interested in the Reverse Mortgage thing as well. Like you, I have no kids to leave....
Tarheel_Dem
Jun 2022
#36
The only way I plan to leave my home is if I can no longer climb stairs. After I read your post,
Tarheel_Dem
Jun 2022
#45
I'll definitely keep good records. And I'll also definitely insist on paying my own taxes & .....
Tarheel_Dem
Jun 2022
#49
Please do really serious research before you get conned into a reverse mortgage.
BSdetect
Jun 2022
#61
I didn't mean to imply it's a bad thing for every person in every situation
Hugh_Lebowski
Jun 2022
#9
Your prediction is borne out by what looks like a huge bubble in the homeowners equity chart
andym
Jun 2022
#10
Same here ... Zestimate is about 130% higher than what I paid 7 years ago
Hugh_Lebowski
Jun 2022
#15
If it's a massive, practically overnight crash, those would be different conditions than what I'm
Hugh_Lebowski
Jun 2022
#21
that had a lot to do with liars loans and the crooked lending industry.....
getagrip_already
Jun 2022
#23
AVG mortgage rates are at 5% where I'm at, values will NO DOUBT fall because the number of people
uponit7771
Jun 2022
#35
Wealthy cash investors may be wary of the falling knife effect, when prices decrease
andym
Jun 2022
#25
My theory here is institutional investors would be buying and trying to get people to lease their
Hugh_Lebowski
Jun 2022
#46
Am I the only person in America who bought a house because I wanted to live in a house?
NutmegYankee
Jun 2022
#60