Loading ...As long as these corrupt like Blackrock and others can go around buying things up to rent out playing monopoly it won’t go down till a catalyst or bubble forms. Chinese are busy buying too. Hope something does for the futures sake.
Your not the first one who sold couldn’t find another place for the same reason.
Equity won’t do any good except for as Ororeef mentioned a reverse mortgage but part of America’s living standards after post war 11 was inheritance in the mix to give a leg up to inflation that might get stolen. I know someone now who has to move from her mothers home because she put a reverse mortgage and passed away and now rents are way over priced.
Plus buying a new home at a higher price some don’t factor in higher taxes and insurance. Selling and buying doesn’t do much good if your equity is equal anyway or worse where it cost you more to get less.
Perhaps that’s why the one video here talking about lumber prices we’re going up because people selling in places like NY getting out and building their own homes. Perhaps it would be cheaper to buy land and have a home built than look for a over priced used one. As long as your close enough to water and power lines.
Buygold
No Comments
No comments yet.
RSS feed for comments on this post.
Sorry, the comment form is closed at this time.