by Zak ➕follow (0) 💰tip ignore
« First « Previous Comments 63 - 68 of 68 Search these comments
rent isnt going down, just saying guys.
i still want to sell my house in CA, but kind of considering just renting it out to pay mortgage and lets face it... in 10 years it'll be worth a lot more.
Tenpoundbass saysno matter how much you paid for it and how much it's worth then or now, pay it off is the best thing you could do.
+1,000.
Paying off the mortgage means i allocate my cash to something that gives me little return or benefit. Instead I can invest the money and be ahead long term. For instance....these huge stock market correction is a fantastic buying opportunity.
I would eventually like being in the position to have the capital to invest in business or assets. I'll never throw my money at this crooked market.
« First « Previous Comments 63 - 68 of 68 Search these comments
After purchasing a house a few years ago, even though I swore I was going to lose money, it turns out that for the time being, and on paper, I'm way up. But I, like many of you, feel that this entire market is back in 2007 levels of crazy, and ripe for decline with the interest rate hikes. That said, I live in a house I am comfortable with the payment on, but the "equity" I would get if I sold would be a significant difference in our retirement vs if that "fake money" just evaporates back to nothing.
So, finally, instead of hemming and hawing about sell, or not sell, it finally occurred to me that what people do in volatile asset situations is hedge. But here, I am a bit lost on how to hedge. So... does anyone else here have a similar predicament, and are any of you taking specific steps to hedge a house price decline?
Thanks!