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|User Info||The Consumer Is Strong!; entered at 2023-09-12 07:58:08|
Registered: 2009-07-15 NKY
A lot of you think you indeed are -- in fact, I hear all the time "this can't come back out."
Yeah, I'll take the other side of that bet.
I still consider my house "worth" about what we paid for it in 2005, completely disregarding that I could sell it for 2.5x that now (maybe more if someone really wanted the only two story in bilevel hell). But we'd have to find a place to live, no? And with mortgage rates at triple what we got on our refinance (locked in the rate literally on the last day before they started ramping up) as well as similar ramps in prices on the buying end, why the hell would I even consider it now?
It might have taken a decade or two longer than any of us thought it would or could, but it's coming. Enjoy what you have while you have it, folks. I don't think it gets any better from here until I'm on the other side of the dirt.