Quote:
Originally Posted by DAVES
HUH? Sell now and buy later? Then, rather than betting on the stock market and real estate, you are betting on the fiat dollar which I read somewhere or other has lost 12% this past year. Oh and add to that you will likely pay TAX on what you sell.
Everyone has their own financial reality. For those who own a home and want to sell it and buy in the villages, the home they own is also INFLATED in value so it is a wash or partial wash.
As far as people not being able to buy homes. Under CAPITALISM, if people can't afford to pay the price the price will either drop or the goods will not be produced.
Turn up the violin music. When first married I owed 13,000 in college loans. In today's dollars that is roughly 7x so 91,000. We lived in a dive and I worked 6 and 7 days a week. I PAID MY LOAN. We SAVED money to buy a home. A truly strange concept for many. We need to live and be happy with what is not with what we think should be.
Should be is a moving target and thus will never be.
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So tell these nice people that they don't know what they are doing.
https://www.talkofthevillages.com/fo...8-post145.html
There are people who can manage the scenario quite nicely, pocketing the excess premium and sitting and waiting for better prices. .
your history is irrelevant to the point of excessively high valuation currently