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re: If/when there is a major correction and/or housing crash
Posted on 9/26/23 at 11:40 pm to SDVTiger
Posted on 9/26/23 at 11:40 pm to SDVTiger
quote:
If they can afford the payment how can you regret it
If you have a 3500 mortgage payment and your new neighbor with a similar house has a 2200 dollar mortgage payment you don't think they might have some buyer's remorse?
1
Posted on 9/27/23 at 6:06 am to Powerman
quote:
If you have a 3500 mortgage payment and your new neighbor with a similar house has a 2200 dollar mortgage payment you don't think they might have some buyer's remorse?
If it was bought as a ‘forever’ home this is irrelevant. Housing goes up and down. Statistics show if you are going to stay more than 5 years even in the shittiest of areas your home will be worth more. This only matters if you are planning to sell in 3 to 5 years. It depends on the situation.
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