/biz/ - Hope you "homeowners" are ready for what is coming - Business & Finance

Anonymous (ID: Cc20Bz2r) Archived

01/17/25(Fri)00:25:59 No.59613700

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Anonymous (ID: Cc20Bz2r) 01/17/25(Fri)00:25:59 No.59613700 Archived

Hope you "homeowners" are ready for what is coming.

Best to tap in to whatever "equity" you might have before it's gone.

Anonymous (ID: PIrAOfGJ)
01/17/25(Fri)00:34:59 No.59613737

Anonymous (ID: PIrAOfGJ) 01/17/25(Fri)00:34:59 No.59613737

I bought my family home a few years ago @ 2%
i owe $370k, it's valued currently @ $750k

let it all crash, i'll go buy another.

Anonymous (ID: 82InUAvw)
01/17/25(Fri)00:48:06 No.59613778

Anonymous (ID: 82InUAvw) 01/17/25(Fri)00:48:06 No.59613778

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>>59613700
>purchased home before covid for $220k @ 4.5% interest
>covid happens
>refinance home for 2.3% interest rate @ $230k
>home is now worth $400k
>inflation is up 25% in total since 2018
>pay kept up with inflation
>my mortgage effectively went from $1.5k/month to $1.1k thanks to inflation
if my value plummeted to $0 I would still not sell with an interest rate like that. Its still my home and its very comfortable in a quiet neighborhood that has seen sustained business explosions over the past 5 years that gave meaning to the growth besides speculation and demand/supply issues.

Anonymous (ID: OMKL9tvk)
01/17/25(Fri)01:09:16 No.59613844

Anonymous (ID: OMKL9tvk) 01/17/25(Fri)01:09:16 No.59613844

>>59613700
owe $274,000 at 3.62%
split with my brother the mortgage is only $900 a month
Feels good