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Forum » how are you emotionally managing the idea of your home value declining significantly?
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Thread: how are you emotionally managing the idea of your home value declining significantly?

post 1669477953 10-14-2022, 01:02 PM
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  1. kengriffeyjr24
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how are you emotionally managing the idea of your home value declining significantly?

"I bought this year at the height of the craze. The same house close to me just listed for 100k less than what I paid. I feel nauseas. Like I royally ****ed up.

Anyone one going through something similar?"

https://www.reddit.com/r/FirstTimeHo...u_emotionally/



post 1669478033 10-14-2022, 01:03 PM
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but but they can just get tenants to pay the mortgage!!
post 1669478063 10-14-2022, 01:04 PM
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Originally Posted By kengriffeyjr24⏩
"I bought this year at the height of the craze. The same house close to me just listed for 100k less than what I paid. I feel nauseas. Like I royally ****ed up.

Anyone one going through something similar?"

https://www.reddit.com/r/FirstTimeHo...u_emotionally/



seems like you have some issues , taking joy at people losing mental health and money , while yourself you are just sitting on sidelines no home no nothing. lol god hates u cause u bad
post 1669478273 10-14-2022, 01:06 PM
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I don't really think about it. I wasn't really planning on selling my house anyway. And houses have been ridiculously overpriced over the past few years, a crash needs to happen
post 1669478303 10-14-2022, 01:06 PM
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Aren’t you a renter? A person that pays the mortgage on someone else’s property for no piece of ownership in return?

I still haven’t seen either of my properties go for less than what I bought them for because I purchased over 10 years ago. Feels good man.
Don't push me 'cause I'm close to the edge
I'm trying not to lose my head
It's like a jungle sometimes
It makes me wonder how I keep from goin' under…~ (Melvin Glover, better known by his stage name Melle Mel and Grandmaster Melle Mel, is an American hip hop recording artist who was the lead vocalist and songwriter of Grandmaster Flash and the Furious Five.)

Early AM workout crew.
post 1669478313 10-14-2022, 01:07 PM
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post 1669478343 10-14-2022, 01:07 PM
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1. Home values in my area haven't really declined that much yet.

2. I bought my house in the mid-2010's. Not every home owner got cucked with 2020/2021 prices

3. Locked in 2.75% interest rate I refiananced to in 2021 before those dried up.


Should I sell my house and go rejoin the rentcel brotherhood, OP?
post 1669478453 10-14-2022, 01:08 PM
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The change in narrative from people is interesting

2020-2021: "my house has gone up so much already! I am going to make so much money off this home!"


Fall 2022: "This is my forever home. I DO NOT plan on leaving it since I'm "locked in"
-------

Winter 2023: "Layoffs won't impact me"

2024: "I'm only 150k underwater on this sale, not too bad in comparison to others I know"
post 1669478523 10-14-2022, 01:09 PM
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as a 2008 bag holder, i dont care
post 1669478763 10-14-2022, 01:13 PM
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I bought during the covid dip then sold a year later when the market came back. Then I moved to a small town and bought a huge house for $100K.

So I'm feeling pretty good about it. Home values out here will jump insanely in the next ten years when the climate change lockdowns start and the cities become unlivable.

Covid was just a dry run.
post 1669479023 10-14-2022, 01:17 PM
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  1. kengriffeyjr24
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Originally Posted By northernlights7⏩
1. Home values in my area haven't really declined that much yet.

2. I bought my house in the mid-2010's. Not every home owner got cucked with 2020/2021 prices

3. Locked in 2.75% interest rate I refiananced to in 2021 before those dried up.


Should I sell my house and go rejoin the rentcel brotherhood, OP?
i have nothing against buying in the mid 2010's

its people who bought over asking (or bought flipped homes in 2021 that were selling for 50% less in 2018), that are in trouble.
post 1669479043 10-14-2022, 01:17 PM
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Nope. I have lived long enough to have been through several of these cycles and know that it always just goes higher. Its only the young kids that get scared on their first one.
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