Well this is wild.....Just moved into a new construction home two months ago.....Started the build process around 10 months ago. I wrote the contract for $765k. After that I added options for a final price of $850k. I am doing a refinance right now to drop the payment $700/month...with that refi, I got a new appraisal.....................which came in at....................$1,100,000. Sounds like an opportunity for another HELOC to me.

This is not an argument for politics, but rather a thought to shed clarity on the potential future of our country and how we should be positioning ourselves to win. Harris has mentioned giving a $25k grant for first time home buyers... this would increase demand and drive up prices. She has also mentioned a tax on unrealized gains... meaning the average person would owe a tax(that they simply don't have) on said home appreciating in value. This would cause some to foreclose/lose their homes (Like we're seeing in some areas with inflating homeowners insurance costs currently) Guess who would be conveniently waiting to buy up these homes from the banks....BlackRock.