alt Hacker NewsLets say housing appreciates +50% everywhere.
Your podunk home went up $50k.
HCOL home went up $500k.
Better deal would be to hold the expensive house.
Lets say housing appreciates +50% everywhere.
Your podunk home went up $50k.
HCOL home went up $500k.
Better deal would be to hold the expensive house.
Now let's say the price collapses by 50%. You're stuck and can't sell in a "frozen" housing market... like how the housing market has been since May 2022. And the problem is structural. And it's only going to get worse as interest rates continue to rise to battle inflation. Here's a nice explainer.
https://youtu.be/qROG2uXPChY?t=608