President Donald Trump said during a Cabinet meeting that he wants to 'drive housing prices up' to keep homeowners 'wealthy' rather than focusing on affordability to benefit people people who 'didn't work very hard'
Go ahead, vote MAGA in the midterms if you’re curious how fucked your life can get.
Our first house was my late grandparents home. I bought it from my dad for 100k in 2013, which itself was probably ~25k below market.
We sold it in 2018 for 250k, and bought our current home for 375k.
Zestimate now for my house is 613k. I could never afford that. I paid what, a net 225k (plus taxes and interest ofc).
I don’t discount how much luck has played into my current station in life…but damn.
The downside is…I feel like I’m stuck here now. We refi’d when rates were near their lowest, and any house that would be a sidestep in quality/neighborhood/size costs the same or more, plus higher interest.
My SIL and her new husband just bought a house and I damn near fainted when I heard what her mortgage is gonna be.
I was already teetering on the edge when my BIL told me how much rent is for his 1BR apartment (which is also much more than my mortgage on my 4br/1.5ba house).
Ditto.
Our first house was my late grandparents home. I bought it from my dad for 100k in 2013, which itself was probably ~25k below market.
We sold it in 2018 for 250k, and bought our current home for 375k.
Zestimate now for my house is 613k. I could never afford that. I paid what, a net 225k (plus taxes and interest ofc).
I don’t discount how much luck has played into my current station in life…but damn.
The downside is…I feel like I’m stuck here now. We refi’d when rates were near their lowest, and any house that would be a sidestep in quality/neighborhood/size costs the same or more, plus higher interest.
My SIL and her new husband just bought a house and I damn near fainted when I heard what her mortgage is gonna be.
I was already teetering on the edge when my BIL told me how much rent is for his 1BR apartment (which is also much more than my mortgage on my 4br/1.5ba house).