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Regular homeowners aren't benefiting much from high house prices. If they sell they just have to buy another, so it's a wash. If they borrow against it, they ha
by leereeves 2y ago
Regular homeowners aren't benefiting much from high house prices. If they sell they just have to buy another, so it's a wash. If they borrow against it, they have to repay at currently high interest rates.
- Supermancho 2y ago> If they sell they just have to buy another, so it's a wash. They have to buy another at a higher interest rate. It's not a wash, I think it's a loss for most. If I sold my house, then bought another at the same size, the gains would not cover the monthly mortgage increase for very long.