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My humble home purchased 6 years ago for $200k is now supposedly worth $350k. Ridiculous. I'm drowning in offers from banks begging to refinance my home, but I
by ToucanLoucan 3y ago
My humble home purchased 6 years ago for $200k is now supposedly worth $350k. Ridiculous.
I'm drowning in offers from banks begging to refinance my home, but I got a ridiculously low rate during COVID and I refuse. Also I don't want to be underwater if the market ever comes to it's fucking senses.
- alephnerd 3y ago> I'm drowning in offers from banks begging to refinance my home, but I got a ridiculously low rate during COVID and I refuse And this is why decreasing interest rates will only raise housing prices EVEN higher. There's too much demand but not enough supply. And we don't physically have enough to build houses, nor the ability to bring guest workers to build for us due to USCIS incompetence.