Quote:
Originally Posted by harvardma
I would sell now but not pay off your mortgage on your primary residence. It is essentially free to borrow now so why pay it off?
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My current mortgage is not as cheap as it should be. There was a blemish on my credit report, just out of my stupidity. My mortgages are on auto pay now.
Is there an artificial bubble? There was fifteen years ago due to sub-prime lending, but now? Building materials are skyrocketing. Supply of residential structures is not going to explode anytime soon.
but yeah, when the eviction moratorium ends, supply will improve. Then again, the economy is going to explode. Right now, anyone who can steam a mirror can get a job. The labor market will heat up. The economy needs more workers than are available now, and this will get worse. Earnings will improve. Wages, rise.