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submitted 1 month ago by Pencilnoob@lemmy.world to c/196@lemmy.blahaj.zone

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[-] Pencilnoob@lemmy.world 9 points 1 month ago* (last edited 1 month ago)

The seller though usually turns around and spends all that money on a bigger place, taking out a larger mortgage with greater interest payments.

So realistically the only entity profiting from rising house prices are banks and real estate agents.

Sellers feel richer, but then they lose it on the next place that is more expensive

this post was submitted on 18 Oct 2024

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