3 ms·
Yes, but initial buying price is lower too, so since you've bought at eg. 200k instead of 400k, you have 200k left over that you didn't spend on buying the firs
by ajsnigrutin 3y ago
Yes, but initial buying price is lower too, so since you've bought at eg. 200k instead of 400k, you have 200k left over that you didn't spend on buying the first house, so in the end, you're 300k up. (if you saved that money of course, if not, that's your problem).
- dahfizz 3y agoYou're missing the point: people who currently own a house get fucked. An entire generation or two of people will be locked out of retirement if housing prices significantly fall. This needs to be accounted for. A majority of Americans own a home, so you're not going to get meaningful change in this area if it hurts most people.