• Got_Bent@lemmy.world
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    4 months ago

    Perspective from a Dallas homeowner:

    I love that I was finally able to buy a modest little two bedroom house after twelve years of rebuilding from…events.

    I’ll be able to have it paid off after slightly more than ten years, ensuring housing security in retirement, thus providing myself with some level of peace of mind, but I’m doing it wrong.

    What I apparently should be doing is watching the daily valuation fluctuations and fret about it until I panic and sell the place to we buy ugly houses for pennies on the dollar so I can return to the sweet sweet world of renting from big real estate corps like the financial gurus on Yahoo say I should.

    To the other side of this fence who are struggling and think the prospect of home ownership is impossible, I’m truly sorry that everything has gone to such shit, but I would encourage you to regularly save any amount of money you can and keep going. Hopefully, one of these days you’ll find yourself in a place with sufficient down payment to get off the rental merry-go-round because that ride sucks fermented donkey balls.

  • sunzu@kbin.run
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    4 months ago

    We should be panic when price goes up lol

    That’s what hurts people notnprices falling lol unless you are a rent seeker, it doesn’t really matter.

    Lower tax bill on lower price lol it ain’t rocket science