I bought a house for 1400000$ (Aussie) 6 months ago. It is now worth ~1150000$ and rapidly falling. I have literally ruined my life by doing what has been the safest bet for building personal wealth for decades. I didn't gamble on memecoins, I lived frugally and saved diligently for a downpayment. Generations before me have been making massive profits and it is NOW that the government decides to take away these juicy tax benefits and hike interest rates to a 18-year high. Fuck my life.
Your home isnt personal wealth, thats the whole thing that made the market this retarded to begin withAre you plan to live in it? Then who cares what a website says its worth
>>62850837That choice was taken away from me. I will have to live in it for a long time now, anon. Yes, the market has been absolutely insane for ovr a decade. I always knew I massively overpaid, real estate has been massively overpriced for decades... But to get rug pulled like that, a month after purchase.... damn
>>62850830No crying in the casino.
>>62850830lol
>>62850830Dude it is normal to loss money in the first six months for every home investor, you quickly recoup the loss in the next six months, this way you can piss off the snake oil salesman for selling cheap to you.
speaking of, im looking at buying one soonish and wondering just how much we're gonna see it drop
>>62850830>>62850851They'll say "you must be doing GREAT if you could afford it in the first place!" And honestly what a ridiculous price for a fucking house. I have no sympathy, sorry OP.
Chalk one up for the renters
Mate you didn't buy a home. You signed a contract with a corrupt banker. Change the locks barricade the windows and doors arm yourself, stop paying installments and let them go get you. Be a man, own your property like a man. What you cant defend isn't yours.
>>62850830>I bought a housAt the top of a 18 years housing cycle and combined with a 36 years social revolution cycle.Top bagger detected!
>>62850830i'll give you 650,000 AUD for it
>>62850830no trade comes without risk and houses we're never a store of value till the past 30 years.
>>62850830consider simply living in it rather than flipping ityour repayments haven't changed: if you were happy with them when you bought it then you should be happy with them now
