Yuritopiaposadism [none/use name]@hexbear.net to traingang@hexbear.netEnglish · 2 months agoProperty crisis, lolhexbear.netimagemessage-square26linkfedilinkarrow-up1182arrow-down11
arrow-up1181arrow-down1imageProperty crisis, lolhexbear.netYuritopiaposadism [none/use name]@hexbear.net to traingang@hexbear.netEnglish · 2 months agomessage-square26linkfedilink
minus-squareSootySootySoot [any]@hexbear.netlinkfedilinkEnglisharrow-up3·2 months agoEven having a mortgage doesn’t make it in your interest for house prices to go up. Not unless you’re about to CASH IN by going homeless.
minus-squareinvalidusernamelol [he/him]@hexbear.netlinkfedilinkEnglisharrow-up2·2 months agoYeah, but it means if you decide to sell you can get out of your mortgage. If prices go down, selling means you are stuck with whatever the drop was when/if you sell.
minus-squareSootySootySoot [any]@hexbear.netlinkfedilinkEnglisharrow-up2·2 months agoYeah… you can sell and get out of your mortgage. Where are you then… y’know, going to live?
minus-squareinvalidusernamelol [he/him]@hexbear.netlinkfedilinkEnglisharrow-up1·2 months agoRemember it’s all hypothetical. Plus reverse mortgages, people will take those out later and they only make sense if your home value has increased.
Even having a mortgage doesn’t make it in your interest for house prices to go up. Not unless you’re about to CASH IN by going homeless.
Yeah, but it means if you decide to sell you can get out of your mortgage. If prices go down, selling means you are stuck with whatever the drop was when/if you sell.
Yeah… you can sell and get out of your mortgage. Where are you then… y’know, going to live?
Remember it’s all hypothetical. Plus reverse mortgages, people will take those out later and they only make sense if your home value has increased.