Quote:
Originally Posted by Slava
Lol, easy dunk on the boomers, and I'm not one. But, out of curiosity, how many younger homeowners would be super pumped about their home value dropping by say 30%?
That's the real issue here. People are in favour of affordable housing and reducing the cost of housing in theory. but, when their property is about to decline significantly, and maybe their no longer qualifying for financing or just burned a couple hundred grand they're not going to be thrilled.
And honestly, the impact economically is going to be devastating. It's not like everything else stays the same and suddenly a lot more people can afford homes.
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It would suck if you wanted to sell for some reason, which is likely a much bigger issues for older homeowners than younger ones.
With no intention to sell and everything else fairly stable, I can honestly say I do not give a #### what my home is worth.