GiddyGap@lemm.ee to Ask Lemmy@lemmy.world · 1 year agoHomeowners of lemmy who bought in 2020-21, how are you feeling today about your purchase?message-squaremessage-square59fedilinkarrow-up192arrow-down14
arrow-up188arrow-down1message-squareHomeowners of lemmy who bought in 2020-21, how are you feeling today about your purchase?GiddyGap@lemm.ee to Ask Lemmy@lemmy.world · 1 year agomessage-square59fedilink
minus-squareBT_7274@lemmy.worldlinkfedilinkarrow-up49·edit-21 year agoBought my first home right at the end of low interest rates. I wasn’t planning on staying but I can’t afford to move now.
minus-squareBizarroland@kbin.sociallinkfedilinkarrow-up11·1 year agoYeah just to refinance my current mortgage with the current interest rates would raise my monthly expenses the cost of renting an apartment.
minus-squareGiddyGap@lemm.eeOPlinkfedilinkarrow-up4arrow-down4·1 year agoAny reason why you can’t rent out your current home and rent something else where you want to move to? That way you could keep building equity with your low interest rates and sell when it makes more sense. I know that requires being a landlord, but the current market also seems to require some creativity.
Bought my first home right at the end of low interest rates. I wasn’t planning on staying but I can’t afford to move now.
Yeah just to refinance my current mortgage with the current interest rates would raise my monthly expenses the cost of renting an apartment.
Any reason why you can’t rent out your current home and rent something else where you want to move to?
That way you could keep building equity with your low interest rates and sell when it makes more sense.
I know that requires being a landlord, but the current market also seems to require some creativity.