this post was submitted on 14 Aug 2023
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FIRE (Financial Independence Retire Early)

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FIRE is a lifestyle movement with the goal of gaining financial independence and retiring early.


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[–] [email protected] 2 points 1 year ago (2 children)

I thought I saved up enough to buy a modest place for myself but looking at the prices.. I was so wrong. My landlord will be happy.

[–] yenahmik 3 points 1 year ago (1 children)

That's a bummer. Prices do seem like they are dropping a bit (at least in my area). Hopefully you can find a good deal sooner, rather than later.

[–] [email protected] 2 points 1 year ago

I'm not even sure how to estimate it properly. Redfin and Zillow have a wide range, like 20% off from each other. And Realtor puts it at like 5-10% above Zillow.

My read is that house prices have gone up a little in the last year since the average is a bit higher (like 5%, give or take) than around this point last year. I have been seeing houses stay on the market longer (cousin recently sold and it took ~2 months), but there's still not a ton of inventory. So I think prices have stabilized, but not gone down much, at least in my area.

[–] FancyPantsFIRE 2 points 1 year ago

Housing market is nuts and I’m thankful we bought when we did. My house has (supposedly) gone up in value ~50% since I bought it four years ago despite mortgage rates being ~150% higher — how are people making those numbers work?