Comments about ‘Home price gains bring sellers off the sidelines’

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Published: Monday, July 8 2013 8:30 a.m. MDT

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toosmartforyou
Farmington, UT

So these folks made about $66,000 in equity profit, but how much did the new, larger home, closer to the beach, cost? Aren't they perhaps deeper in debt after their transactions than before? That's just living the "bubble" dream all over again.

Brahmabull
sandy, ut

toosmartforyou

You have no idea what their finances are. Let them do what thay want. Point of the story was to say housing prices are going up, not for people to judge whether or not somebody they don't know can afford a new house.

toosmartforyou
Farmington, UT

I didn't say they should or shouldn't do it. I just asked a question about which the article gives no definitive answer. When the market improves, many people are tempted to jump right back into a precarious position, forgetting all about what caused the market crash in the first place. I can certainly understand why they would want to live in a house rather than a condo, why they would like a bigger place, and why they would want to be closer to the beach. But what happens if the economy suddenly starts to slip again....are they in a safe haven? That's up to them to decide. I just hope they considered it, that's all. Maybe their new place cost less; I hope so, but I wouldn't bet on it.

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