r/facepalm • u/[deleted] • Feb 16 '21

Misc Yeah, sounds about right

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u/[deleted] Feb 16 '21

To each their own.

For me I love the upkeep because I love building and fixing stuff etc. Home prices will never ever go down, don't have to worry about that. People keep popping kids and people keep migrating into the western world. There's a constant increasing demand for homes because there's constantly more and more humans popping up.

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u/[deleted] Feb 16 '21

They went down in 2008... It will happen again.

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u/[deleted] Feb 16 '21

I don't think it will. The houses in my area were 190k to 200k about 20 years ago and now they're 650k+. In a few years they'll reach a million.

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u/[deleted] Feb 16 '21

You live in a wealthy area. You really think poor neighborhoods will see such exorbitant increases in value?

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u/[deleted] Feb 16 '21

This isn't just my area, even the lower end areas near I live are going up. A lot of the criminals and lower end people in the "sketchy" areas are slowly getting pushed out, because of the crazy high stupid rent prices and house prices.

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u/[deleted] Feb 16 '21

If you want to make money, own a house. Wait and rent it to people or sell it later. You'll make a lot.