Comments by "John Smith" (@JohnSmith-op7ls) on "TheQuartering"
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@dash4800 End of 2019 to today, median US home prices are up about 51%
Anyone saying 30% is lying or hasn’t looked at the numbers and is making wild guesses.
And that’s not including increases mortgage costs, maintenance, insurance, PMI.
Most people aren’t buying homes in cash and even if they did, maintenance costs are way up.
Toss in borrowing for your home like most people do and the increased costs of the home plus mortgage interest on a 30 year assuming you paid 4% in 2019 and 7.5% now, means you’re paying about 161% more for the same home.
Not including maintenance increase, higher real estate agent fees, higher closing costs, higher home insurance, higher taxes, higher PMI.
Just ball parking but with those added in you’re probably getting around 190% more for the same house in just a 4.5 year span.
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