General Discussion
In reply to the discussion: three quarters of recent home buyers expressed some regret [View all]Haggard Celine
(16,843 posts)I have some family in the real estate business, and they've told me that everybody knows that they're about to raise the interest rates, so they're all in a hurry to buy. All that demand is pushing prices higher and higher. They say that my little house is worth about 50% more than what I'm paying for it. I just bought the house about 4 years ago! I don't want to sell it anyway, but if I did, where would I live? I'd have to either buy another house with an inflated value or I would be stuck paying expensive rent somewhere.
I guess I could go live in a cheaper country. I might have to do that anyway. If all the crazy shit in this country continues to get worse, I might have to move. Hope there's a nice South American country who wants a 50+ year-old gay man. They might be more welcoming than some places in the US right now.