That’s going to happen if population continues to increase and housing supply doesn’t keep pace. Between COVID shutdowns, following materials shortages, and now tariff fuckerey building has fallen way behind just barely keeping pace. We’re also in the fallout from keeping interest rates too low for too long, lots of people have mortgages in the 2-3% range and can’t sell unless something is forcing them to.
Not can’t sell, would be stupid to sell. Why would I ever give up my sub 3% loan? It’s the closest thing to free money a normal person ever got. Even if I wanted to move, it makes more financial sense to rent out my current house just to keep this loan.
I was talking to a relative about this recently. Basically anything that would be an upgrade would end up with me owning more on the new house with rate almost twice as high.
Literally going to be living in this house the rest of my life, given the way things are going.
That’s going to happen if population continues to increase and housing supply doesn’t keep pace. Between COVID shutdowns, following materials shortages, and now tariff fuckerey building has fallen way behind just barely keeping pace. We’re also in the fallout from keeping interest rates too low for too long, lots of people have mortgages in the 2-3% range and can’t sell unless something is forcing them to.
Not can’t sell, would be stupid to sell. Why would I ever give up my sub 3% loan? It’s the closest thing to free money a normal person ever got. Even if I wanted to move, it makes more financial sense to rent out my current house just to keep this loan.
I was talking to a relative about this recently. Basically anything that would be an upgrade would end up with me owning more on the new house with rate almost twice as high.
Literally going to be living in this house the rest of my life, given the way things are going.
I honestly regret not over-leveraging myself to get a second property while the rates were that low.
I mean, in hindsight sure, but at the time no one knew what a post covid world would look like.