billm0066 t1_jaar2t2 wrote on February 28, 2023 at 2:03 AM

Reply to comment by Bluebirdx- in US Pending Home Sales Surge 8.1%, Most Since June 2020 — Bloomberg by cbusoh66

Compared to all time lows which means STILL LOW INVENTORY.

Who the fuck is buying a house right now? My 225k house is now worth 500k and I have an $1100 month mortgage payment. An upgraded house means a $3500 a month mortgage payment or higher. Fuck that. I will never sell this house. I would rent it before ever consider selling it.

jdmulloy t1_jabd39o wrote on February 28, 2023 at 5:03 AM

Depending how much equity you have an how big of an upgrade you probably could get that payment lower than $3500. You'd have a big down payment selling the current house. Although if you have a nice rate that's a good incentive to stay put. Even going to a similarly priced house would increase your rate and cost.

Bluebirdx- t1_jabo49j wrote on February 28, 2023 at 7:07 AM

So what your saying is small amount home, nobody buying means basically there’s tons of homes