People That Have Purchased Homes Are Now Regretting It!
Hi Everyone,
A famous quote has said when the tide goes out, you can see who is skinny dipping. Currently, many people who have purchased at higher mortgage rates or in the past year or so are starting to question their purchase.
While there was a lot of mania in the markets from a valuation perspective, that tide has started to turn in the opposite direction. People that have purchased maybe didn't do so for the right reasons, or did it because it was what they thought was the right thing to do at the time.
We are seeing people having to come into the office and commute, bidding wars have started to kick off and many homes over the past few years have carried a large monetary premium which exaggerates the intrinsic value of the respective home.
What do all of you think?
Best Regards,
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Financial Disclaimer: Nothing stated in this video is a recommendation from SatsMate to buy or sell a particular security or asset class. It would help if you wisely considered your tolerance for risk, time horizon, and financial goals before making an investment. With investing, you risk losing money, always read an investment prospectus and make an informed decision before allocating capital to a particular investment.
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