Unless you own it outright, your mortgage contract likely requires you to live there as your primary residence, and may even not allow you to rent out a room.
Maybe not in your case, but it's a very common feature of most home loans, and unavoidable if you used any government sponsored home loan featuring very low or zero down payment, designed for first time buyers.
Socialist countries = government-owned subpar, overpriced rental housing guarantees a lifetime of poverty for all, Capitalist countries = wealth-building individual home ownership easily attainable for all willing to work and live on a sensible budget.
Did you think the huge price jumps in housing started last year? Are you really that out of touch? Edit:Excuse me. I already know you are that out of touch. Carry on.
My contact only required residency for at least one year after signing. No other restrictions. I appreciate you mentioning that; gave me a reason to look at the paperwork.
I was replying to a post about everything going up, not just homes. But yes, unusual price jumps in actual SOLD homes began in early 2021, and only in huge cities for the most part. There have still not been any alarmingly huge price jumps in around 90% of America, and most of the East and NE markets have remained relatively flat. Affordable and reasonable homes are available in all 50 states. In Oregon for instance, Klamath County has hundreds of homes available for under $250,000. The media and ChinaJoe are trying to create another housing crash so Warren Buffett can repeat his repossession of thousands of homes like he did during the crash manufactured by The Deep State's Bush, Cheney, Obama, and Biden, but they've bungled it badly.
It's an absolutely gorgeous part of Oregon, with some of the best hunting and fishing in America. The people are friendly. There's no Marxist nutjobs screaming at strangers, no revolving door releases of criminals. Tons of historic architecture, a large population of retired veterans, people know which of the 2 genders they are...
1. He's not a Real Estate agent. 2. Portland is currently grossly overpriced and as a city has never been in such overall financial decline. 3rd world infrastructure, inadequate police force, worthless public schools, most corrupt city government in the NW. It's a terrible place to invest in Real Estate and nothing is going to change that in the near future.
This is Portland. You are wrong I can post more but I'll leave you with this. The ebb and flow has been constant since 2012.
Just suggesting how he might be taken more credibly. Big Real Estate changes happen in days or weeks, not years. His cherrypicked graph closely resembles the one from the boom and bust period. There's not going to be a national bust this time, but there's going to be a big one in most Democratic Party controlled big cities. Many are already feeling it. Portland certainly is. I've had more buyers from Portland these last 3 years than from California, reversing a 12 year trend for me. Local Real Estate values are affected mostly by local quality of life, which is not something Portland will ever be able to use as a marketing tool again.
Your graph records the unusual price jump exactly when I said it occurred. I know a thing or two about Real Estate.
Here's the Oregon Live article you got your chart from. I see why you didn't post it. https://www.oregonlive.com/realesta...ce-drops-15000-in-a-month.html?outputType=amp
