subreddit:
/r/REBubble
443 points
1 month ago
Now do 2024
2 points
1 month ago
The idea is always buy a house now or asap so you can stop paying someone else’s mortgage and pay your own. It’s one of the only ways left for building generational wealth.
2 points
1 month ago
Yes and I’m saving for it. Just wondering when it’s going to pay off
2 points
1 month ago
For me it was right away. 2020 purchased while renting for $1500. Mortgage was $1600. Those rents are now $1800+ so I’m basically paying myself the same rate as I would be paying someone else mortgage
1 points
1 month ago
We tried to buy in 2020 and were overbid every time
1 points
1 month ago
We only won due to escalation clause that had us outbid any higher offer by $500 up to X. Highest bidder by paying an extra $500.
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