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?

  • TopTierKnees@lemmy.world
    5·
    9 months ago

    If you own one house with no mortgage, then the market going up is bad because it’s harder to upgrade.

    Unless you’re retiring and downgrading. For those with families who grow up and move away, the house can be seen as an investment if they intend to move into a smaller space once they’re just a couple again.

    Of course, that’s assuming their kids don’t have to move back home because of astronomical rent prices and a sizeable wealth gap…