4 ms·
> Most of the people I speak to who locked in <3.5% are not planning on selling in the next 10 years or more. One way to look at this is to ask people what the
by SevenNation 4y ago
> Most of the people I speak to who locked in <3.5% are not planning on selling in the next 10 years or more.
One way to look at this is to ask people what they plan to do. Another way is to look at what they've done.
According to this article, the average length of time spent in a house is 8 years:
> https://www.thezebra.com/resources/home/average-length-of-homeownership/ https://www.thezebra.com/resources/home/average-length-of-ho...
So unless those people you know just moved in, they're X years into a average 8 year occupancy.
- kbelder 4y agoOnly If you accept the wonderous concept that circumstances don't affect behavior.
- algoatecorn 4y agoAgreed. I was just offering an anecdote from my personal circle, many of whom view their real estate purchases as an investment to tuck away. Mostly, these are people who divested a portion or their stock portfolio in mid-2021 and didn't want to sit on cash in anticipation of the current inflation we are seeing now.
- lelanthran 4y ago> According to this article, the average length of time spent in a house is 8 years: > > https://www.thezebra.com/resources/home/average-length-of-homeownership/ https://www.thezebra.com/resources/home/average-length-of-ho... Okay, using your own reference, they also say that the median was 13.2 years. Anyway, from that article you cited, a stunning 76% of homeowners stayed longer than 8 years. It seems what more than 3/4 of homeowners do is simply live in the damn thing.