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rainniier2 t1_ja8gnxh wrote

Reply to comment by Vivecs954 in ‘A housing market for almost no one’: Rising prices and interest rates have made home buying feel impossible - The Boston Globe by uxd

Do you have a Time Machine? Houses prices were 50% lower in 2019.

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Vivecs954 t1_ja94n94 wrote

No, but I sold that house at the end of 2020. It has not appreciated 50%.

I bought it for 375k, did a DIY renovation and spent 20k, listed for 470k, sold it for 500k. But it was a hoarder house when I bought it, there were dead mice all over the house.

Since I sold it I think it’s worth slightly less. And the person who bought I from me had an insanely low interest rate like 2% with no down payment so they didn’t care they were paying more.

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