Homeowners have lost $1.5 trillion in equity since May, as home prices drop

[Thokkalee]

Heard that some buyers are very desperate to sell their homes as they are worried that they won’t be able to sell the homes at these prices for the next 5 years or so (where these interest rates will continue to be high).. 

[KaipuRaja]

18 hours ago, veerigadu said:

Relieved to see this correction 

Correction correct e but what abt the interest rates? Avi ekuva unai kada 

[Thokkalee]

3 minutes ago, KaipuRaja said:

Correction correct e but what abt the interest rates? Avi ekuva unai kada 

Total cost of the loan matters.. what do you pay on your loan (for the duration you lived there - 5 or 10 yrs) and how much equity did you build? With these high rates, you don’t build any equity in the first few years.. 🤦‍♂️🤦‍♂️