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Status:
"I don't understand. But I don't care, so it works out."
(set 14 days ago)
35,648 posts, read 18,006,664 times
Reputation: 50687
The housing market needed to crash, Stephan.
It's nuts.
Those who were quick on the draw and got their homes to market 6 months ago were very very fortunate - timing is everything - but they'd NEVER get that price for their home in a normal market. And now it's correcting back to something reasonable.
Those who were quick on the draw and got their homes to market 6 months ago were very very fortunate - timing is everything - but they'd NEVER get that price for their home in a normal market. And now it's correcting back to something reasonable.
i sold my house in austin area back in october paid 170 , sold 455 5 year later... got another house buy only put 5% down and using that liquidity to further fund other investments during this commodity super cycle.... feel sorry for people that did not get out and get that liquidity... I can care less if the prices go down at this point the 2.75% rate i got is the real deal.
Those who were quick on the draw and got their homes to market 6 months ago were very very fortunate - timing is everything - but they'd NEVER get that price for their home in a normal market. And now it's correcting back to something reasonable.
This will destroy even more people. They will be more victims of Biden's incompetence.
Status:
"I don't understand. But I don't care, so it works out."
(set 14 days ago)
35,648 posts, read 18,006,664 times
Reputation: 50687
Quote:
Originally Posted by Jimmyp25
i sold my house in austin area back in october paid 170 , sold 455 5 year later... got another house buy only put 5% down and using that liquidity to further fund other investments during this commodity super cycle.... feel sorry for people that did not get out and get that liquidity... I can care less if the prices go down at this point the 2.75% rate i got is the real deal.
Sold my house to a couple of DC government "workers" for a massive premium. They were desperate to get out. Took the money and ran to a red state. By my lucky stars I outran this economy destroying democrat inflation for the time being.
I absolutely HATE democrats and their chicken little ignorance.
If the variable rate mortgages go way up, many people will lose their homes.
Not if, WHEN. More Biden / democrat victims.
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