Comment on Housing market affordability is so bad that Zillow says it will take you 13.5 years to break even on a purchase from July onward

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Moneo@lemmy.world ⁨11⁩ ⁨months⁩ ago

Not if I understand the phrase correctly. The house may be valued more than what is remaining on your loan, but you’ve spent a lot of money closing the house. So if you sold before the 13 years you would be able to pay off your loan but you would have lost money.

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