Everyone I know who’s sold their house has done it within a week or two of putting it on the market and they got more than they were asking for. Other than that I agree with you.
That’s all fine and dandy if you downsize or go to a different area with a lower COL, but if you buy in the same market, you also pay more for the new house.
And that extra money covers the original down payment, interest that was paid on the mortgage, closing costs, realtor fees, costs to repair, stage, and prep the house for sale, and down payment on the next mortgage. It’s a never-ending cycle of spending for more debt. AKA the American Dream.
Everyone I know who’s sold their house has done it within a week or two of putting it on the market and they got more than they were asking for. Other than that I agree with you.
That’s all fine and dandy if you downsize or go to a different area with a lower COL, but if you buy in the same market, you also pay more for the new house.
And that extra money covers the original down payment, interest that was paid on the mortgage, closing costs, realtor fees, costs to repair, stage, and prep the house for sale, and down payment on the next mortgage. It’s a never-ending cycle of spending for more debt. AKA the American Dream.