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zzyul t1_iwwabwa wrote

Reply to comment by TheJanks in Home sales fell for the ninth straight month in October, as higher mortgage rates scared off potential buyers by ChocolateTsar

And if someone recently bought a house for $600K and has to move in 2 years and it’s only valued at $500K, they threw away $100K buying at the top of the market. Buying is not always the best option.

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TheJanks t1_iwwlcpu wrote

Oh I know.

After plugging in the numbers and taking into account the market right now, I think waiting at least half a year may be smart then revisit.

The neighborhood with new construction was throwing out incentives and looking at 90% drop in home sales, this is not going to get better quickly.

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