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by Analemma_
1038 days ago
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I bought a condo in 2021 (at a fantastic interest rate), and am currently regretting it deeply because my life circumstances changed and I probably need to move to a different state, meaning I need to either sell the place at a considerable loss or become an out-of-state landlord, which I don't want to do and is unlikely to turn a profit for me. The flexibility of renting is a real and important phenomenon: people's lives change unexpectedly sometimes. |
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Since then, interest rates have only increased, and in my location, real estate is at a record high. It's been increasing pretty much since the 90s without a break. I don't believe a bubble will break any time soon. Also, materials/energy is getting more expensive, there's a lack of labour, so even building/renovating places isn't an option.