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For new homeowners, the prospect of making a profit on their property purchase is looking increasingly distant. According to recent data from Zillow, it might take up to 13.5 years to reach a break-even point on a home, an alarming increase from the historically suggested five years. As mortgage rates creep towards 8%, homeowners may find themselves tethered to their properties for over a decade to ensure they don’t incur losses. #Homeownership #MortgageRates #Zillow #money #debt #RealEstateTrends
Timestamps:
No Profit For A Decade If This 0:53
Different Regions Different Scenario 11:32
What Can I Do? 16:29
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