Yuritopiaposadism [none/use name]@hexbear.net to traingang@hexbear.netEnglish · 1 month agoProperty crisis, lolhexbear.netimagemessage-square26linkfedilinkarrow-up1182arrow-down11
arrow-up1181arrow-down1imageProperty crisis, lolhexbear.netYuritopiaposadism [none/use name]@hexbear.net to traingang@hexbear.netEnglish · 1 month agomessage-square26linkfedilink
minus-squareinvalidusernamelol [he/him]@hexbear.netlinkfedilinkEnglisharrow-up2·29 days 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-up2·28 days 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-up1·28 days 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.
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.