Quote:
Originally Posted by Craig Vernon
It has been said that villagers on average move three times and many answers have been given as to why. The logical answer is that villagers moved three times because they could due to a stable six percent appreciation of value on their homes. Current inflated values from COVID may not allow for three moves so I hope I get my purchase right the first time.... Coming soon to a village near you.
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Your logic escapes me. If the value of your current home increases by 6% then it is also plausible that the value of the home you wish to upgrade to has also increased by 6%. Therefore the difference between the two homes is now greater than it would have been at the time you initially purchased your 1st home. I guess I'm lucky, the home I purchased 12 years ago it's the one I'm still in and happy to be here.