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.
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.