It just does not work that way. All houses do not triple. The change in price at different levels change at different paces and lately its the cheaper stuff that has risen a lot. If you have those segments on ultra rich properties in your area you will often see how they sold at some huge price and sold for way less or vice vera. They are aweful swingy. The lower the cost the more definitive the cost is as. Real cost reduction comes from getting something dilapidated but most people in downsizing are going from something older in need of repair to smaller but well renovated. People really have been sold on this idea of rising line good no matter what when what really matters is their current monthly nut and their ability to have cash over and above that for quality of life and savings.
Cheap houses in my area have actually been a lot less stable in price. But sure, if whatever they move into has risen faster that’s another way it could fail.
yeah its kinda funny because if you are selling and buying afterwards it would be better for you if it was a falling market than rising. Honestly as a normal individual I can’t for the life of me figure out a rising cost scenario that actually is good for me financially except to refinance but I lean toward not wanting to be in debt more than to be in more debt.
It just does not work that way. All houses do not triple. The change in price at different levels change at different paces and lately its the cheaper stuff that has risen a lot. If you have those segments on ultra rich properties in your area you will often see how they sold at some huge price and sold for way less or vice vera. They are aweful swingy. The lower the cost the more definitive the cost is as. Real cost reduction comes from getting something dilapidated but most people in downsizing are going from something older in need of repair to smaller but well renovated. People really have been sold on this idea of rising line good no matter what when what really matters is their current monthly nut and their ability to have cash over and above that for quality of life and savings.
Cheap houses in my area have actually been a lot less stable in price. But sure, if whatever they move into has risen faster that’s another way it could fail.
yeah its kinda funny because if you are selling and buying afterwards it would be better for you if it was a falling market than rising. Honestly as a normal individual I can’t for the life of me figure out a rising cost scenario that actually is good for me financially except to refinance but I lean toward not wanting to be in debt more than to be in more debt.