In my country, the housing market is down. House values have dropped in some places up to 20% since end of 2021. People talk about how it doesn’t matter when upgrading a house as homeowners would be selling and buying in the same market. ELI5?
In: Economics
If you sell your house when the market is down, you’re getting a bad deal. But if you buy a house when the market is down, you’re getting a good deal. So if you sell your house and buy another house at the same time, it balances out.
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