I know I’m supposed to want it to keep going up as a wealth generator or whatever.

But like… I wouldn’t be able to afford the monthly payments if I bought my house right now and it’s scary. Also none of my friends are buying homes, none of them are even renting full places. Just like renting rooms.

So what are your feelings home owners of lemmy?

  • LemmyFeed@lemmy.world
    762·
    1 year ago

    Meh I don’t care. We bought a couple years ago when rates were super lower but prices were high. Our mortgage is less than rent would be and we’re not going anywhere for a long time. I think of the house as a place to live, not an investment really. Like a car. It serves a purpose and I’ll use it until I can’t anymore.

    • silentdon@lemmy.world
      171·
      1 year ago

      Yup the people that are mostly disadvantaged by (and cause) a housing crash are the people that treat houses like stocks.

    • slazer2au@lemmy.world
      101·
      1 year ago

      Same boat. Got a 10 year lock in at ~2% interest and now the rates are more then double that.

      Going to do everything we can to keep that rate although we doing extra repayments just in case.