Home Ownership

[Gatordash]

Originally Posted by Jibartik [You must be logged in to view images. Log in or Register.]

Congrats Gator!

How would you feel, out of curiosity, if after the fed hikes the interest rates your home is appraised for 150-250k less than it is now?

Just totally random non-stacked question to gage how people will react to the coming future.

(btw the sky prob wont fall so dont want to throw any shade at this fantastic moment in your life congratulations its the right decision and awesome!!! )


sky fallin tho [You must be logged in to view images. Log in or Register.]

Thanks bud.

I've been wrestling with buying at the top of the market for like the last year (see my dumb posts in this thread) and it would suck if the house loses a ton of value in the next few years but ultimately I don't plan on moving for a long time so who knows what its gonna be worth in 10 years. You can watch the stock market go up and down everyday but if you're not retiring for another 30 years then who cares I guess.

They let you lock in mortgage rates up to 7 months in advance which is nice, because the real bitch that would drive me bananas is if I'm buying an overpriced home and the mortgage rates go up a ton and by the time the house is done. They are gonna go up but a few months from now won't be too bad.