this post was submitted on 17 Jul 2025
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That's a personal issue...
If the insurance determines you as an adult individual to be less responsible than you and the lender, then you're gonna pay more.
In rare cases you pay less
But it's likely more to do with them getting the house reappraised at a higher value once it sold. But there's a lot of things that effect it.
Yeah. capitalism is a disease
You know, you don’t have to pretend that the obviously bad things of the thing you like is actually good because you like the thing?
The value of the house is not gonna go up because a few decades went by by which time they paid it off; it would only decrease by that fact! And the only thing we know about her is, that she paid her debt off… You find that irresponsible of her?
That's hilarious
I honestly can't tell if you're trying to be sarcastic, or genuine...
Nearly all houses that are maintained well appreciate if they weren't overpriced when you bought them (or world crisis doesn't intervene). I bought my small starter house at $135k and sold it 17 years later for $245k.
But not because your house is 17 years old but because of the ongoing housing crisis! I am sure that adjusted for inflation and the then average house prices then then and now a new house would be worth exponentially more…
I'm not sure I understand what you're trying to say with this. Existing housing rises in costs for all kinds of reasons, certainly not just one. Yes, demand for housing is one of those factors....but it was a factor back then too.
The adjusted for inflation value of my house when I sold it was $193k while the selling price was $245k.
-I can try rephrasing it, but you should either use external help if this is not your first language… Because your house turned 17, it did not become more valuable! It became more valuable because of the ever more worsening housing crisis! A new house relative to the then and now house prices would cost exponentially more than that of a 15-60-110… one
Superb! If you sold it new you would have gotten more for it