Terry Newton - Seattle’s Housing Market Is Imploding as the “Starbucks Effect” Takes Hold
(media.greatawakening.win)
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A good thing is that if house prices are being lowered, then insurance premiums should be lowered, also. But the corrupt deep state insurance scam will keep the peasants paying the higher rates even though the houses are worth less.
Real estate is ridiculous. Housing costs are not based upon actual value, but market speculation. I just want a cheaper place to live in all aspects - mortgage, taxes, insurance, etc. Don't really care much about the market value of my home as long as I can afford to live there. I can't take it with me. I just need an affordable place to park my head at night until that day when it is no longer needed.
You wouldn't believe what the valuation on my house is.. I'm now a new millionaire, but I cannot afford the insurance and taxes because of the valuation. What a conundrum.
Exactly. My own home is worth 3 times what I paid for it. That's insane.
Many seniors are forced out of the homes they spent decades paying off simply because they can't afford the insurance and property taxes due to the inflated values. Houses should be for living, not speculation and debt leverage. The whole system is broken when the average person can't afford to own a home. When I was a kid the average Joe, if they had a steady job, could buy a home. My parents did it on my father's salary alone. They were even able to save money and had 3 kids to raise. We weren't wealthy, but we weren't poor either. Something is seriously wrong with the way things are.