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[–] 8 points 4 months ago (4 children)

Not even an exaggeration. My parents bought their house in the 1960s for $14K. Their 30-year mortgage went almost to the year 2000 and their monthly payment was fucking $85 the entire time. They sold it fifteen years ago for $190K.

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  • [–] 6 points 4 months ago* (1 child)

    Damn never realized this but every boomer homeowner is actually an investment savant. Why are we all so stupid? Why can't we just do this? ^/s

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  • [–] 2 points 4 months ago (1 child)

    $14K in 1960 was $167,000 by 2010.

    Average salary of a worker in 1960 was $3,700.

    I paid $320K for my house in 2002 , which peaked in value to $1.6M by 2022. That was insane, it's now worth $1.2 or less and headed downward.

    It should be worth $600K. People took out HELOCs on houses now descending in value.

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