this post was submitted on 21 Oct 2023
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I say this as a homeowner who has seen a 150% increase in my home's valuation over 8 years...hopefully commercial and residential real estate prices across the board are in for a drop. Home ownership was totally within reach for my wife and I in 2015, but anyone in a similar financial place today is SOL
200+% over 10 years, refid in 2019 or so.
Feel like I won the lottery.
It's not fucking sustainable and it's cruel to anyone younger.
Yep. Heck, it is rough even for those of us who won the housing lottery. If we ever want to move it means paying incredibly inflated prices (even with big gains on the sales of our own homes) and now crazy rates. Probably why prices haven’t really come down: few are selling. Golden handcuffs.