this post was submitted on 30 Oct 2024
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chapotraphouse
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The idea of buying a house stresses me out so much. I'm mid-forties, and the more I save, the more expensive houses get, and the higher the interest rate goes! Not to mention, I take 3 months to decide on a laptop, but you gotta pick a house quick before some asshole swoops in with a cash offer just to flip it a year later.
A $400K home sells for closer to $1M over the course of its lifetime. Then cash buyers come in and scoop us what is a $1M home to a regular person for 60% off then rents that home back to them for a 30year equivalent of $1.4M