What homeowner has NOT felt “trapped” by a mortgage at some point in time?
“What homeowner has NOT felt “trapped” by a mortgage at some point in time?”
*************
Goode point. I guess those with no mortgage are also “trapped” then. LOL
My first thought as well......nobody holds a gun to your head to buy a home.
Everybody thinks they are owed everything free nowadays.....just one more sign of the ongoing deterioration of society IMO.
I never felt financially trapped by my home because I never bit off more than I could chew (at least as far as buying a home goes). And I never felt "underwater" even with the mortgage crisis because the value of the home is a small portion of my wealth anyway. I paid more attention to my mutual fund balances being low (but didn't touch them because I knew they'd recover) than I did over the fact that for a while my home value was less than the mortgage balance. The home still had its main value of providing comfortable shelter for the family.
“What homeowner has NOT felt “trapped” by a mortgage at some point in time?”
On the one hand they’re trapped. On the other they got a real good deal because they’re borrowing money at way below current rates.