As someone who owns my own home, let me just say…me too. I don’t care if my house value goes to zero. I still have a house. I don’t know how anyone in the middle class can get into house ownership without crippling debt.
The only ones who should cry are the home-hoarding investors and landlords. Fuck em.
Double ditto. My mortgage is less than rent anyway, and my costs will go down if valuation does (lower taxes). I don’t even like where I live right now (I bought what I could afford and got in with a low interest rate, but it’s a poorer neighborhood) but I’d be so happy to see my friends who’ve been struggling manage to have something for themselves.
you do not like where you live right now and still own a house in that neighborhood?
This is actually something I’ve discussed with my wife and we came to the conclusion that we only buy/build a house if we find the right one or the right spot. For me it just wouldn’t work to own a house just for the sake of it because a house has to last and since we live in an awesome flat in the center of Bonn there is no need to rush for us, except a baby but then we just would find a bigger flat for us.
Except now you need even worse debt to buy a house. Two years ago interest rates were around 1%, now it’s over 4%. So the house is 10% cheaper, the interest more than tripled.
Same. I was apparently got lucky and picked up my place in 2017 before everything went crazy. Even though my home value has doubled, it doesn’t really help if every other house out there has doubled in price too and finding a home is harder than ever.
As someone who owns my own home, let me just say…me too. I don’t care if my house value goes to zero. I still have a house. I don’t know how anyone in the middle class can get into house ownership without crippling debt.
The only ones who should cry are the home-hoarding investors and landlords. Fuck em.
Ditto. I just hate that everyone will have to pay for yet another bullshit speculative bubble bursting to bail all the banks and investor out.
Double ditto. My mortgage is less than rent anyway, and my costs will go down if valuation does (lower taxes). I don’t even like where I live right now (I bought what I could afford and got in with a low interest rate, but it’s a poorer neighborhood) but I’d be so happy to see my friends who’ve been struggling manage to have something for themselves.
you do not like where you live right now and still own a house in that neighborhood?
This is actually something I’ve discussed with my wife and we came to the conclusion that we only buy/build a house if we find the right one or the right spot. For me it just wouldn’t work to own a house just for the sake of it because a house has to last and since we live in an awesome flat in the center of Bonn there is no need to rush for us, except a baby but then we just would find a bigger flat for us.
Except now you need even worse debt to buy a house. Two years ago interest rates were around 1%, now it’s over 4%. So the house is 10% cheaper, the interest more than tripled.
Same. I was apparently got lucky and picked up my place in 2017 before everything went crazy. Even though my home value has doubled, it doesn’t really help if every other house out there has doubled in price too and finding a home is harder than ever.
Bless you. That is truly the righteous sentiment. You’re a good person.