1989
Well-Known Member
If I were a baby boomer I would look into moving here.Ok, let me help you get caught up.
What you missed, is that hardly anyone is buying.... What they're all actually doing is borrowing.
When interest rates to borrow drop, the demand increases, which increases housing prices.
You see, you bought when interest rates were high and demand was low. When interest rates dropped, demand increased, prices rose, and you benefited.
Now you're pretending the high rates that helped you buy low were bad for you. And at the same time you're pretending the low rates that jacked up housing prices for young people are a benefit to them and not you....
So basically you're a typical narcissistic baby boomer separated from reality.
Carry on.
Would be nostalgic to live on tarte rd.
You are leaving out the high costs of updating/renovating that house you bought at a high interest rate in 1993.