Boomer parents bought a house for 300k USD when they were both 27

>no no, boomers never do wrong, it's jews/lizards/Martians who is to blame when they fuck it up!
Ok boomer

>33 years
>300k house
>calculate for inflation and appreciation
>house is worth around $3-4MM
>won’t pay $310k to get $3MM

Moron.

>inflation on the principal of your loan

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Maybe they bought it, then took out a second mortgage or something when the house was worth millions.

home equity loans

So how long left on the loan or do you have to refinance it for another 30 year term?

Must be this.

I the house was worth $300k 35 years ago and it's in a non-shit area it should be worth upwards of $1m today.

If his parents took a 300k mortgaage 35 years ago then the principal on their mortgage today would be 300k discounting whatever they paid off. It would never be $1m unless they took out multiple, recent mortgages.

We aren’t talking about the loan you absolute fucking brainlet. We are talking about the value of the house. OP could sell the house pay the entire loan off and have a few million to play with. Shut the fuck up, it’s an obvious LARP anyway.

He's saying the value of the house would be 1 mil, not the amount owed on the mortgage.

It's magical thinking. The house is the same but older, your money is just devalued.

If they paid $300k for it 33 years ago, they would have to have bought incredibly badly for it not to be worth multiples of that now

That logic doesn't apply to land and other natural monopolies. There are a shitton more people on this Earth than 30 years ago.

You're both partially right, Der Juden offered the Boomer a trade: A life of hedonistic excess in exchange for their childrens future prospects. To which, the Boomer gleefully accepted.

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Black people are smarter than to fall for a scam like that. They're more likely to stick with renting out of laziness and bad credit. Only a white person could do something as stupid as what OP describes.

I thought that OP was expressing frustration at his parents' unpaid mortgage, OP may only have 300k to pay but surely OP's parents paid a loooooot of interest by now, and at a time when 300k USD had more purchasing power than it does now.

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faggots

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Because all around us are the symptoms of a disease. Our forebears lacked the intelligence and the grit to resist the diabolical plans of a tiny elite. They fell for every trick. They never thought about you. Now you have no choice but to comply. Apathy. They let it all go. You were sold.

At least I still have my foreskin

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its only worth paying if theyre going to die in the next 10 years

This

Lots brainlets here.

Your parents are retards btw

>what is a second mortgage

no, it's just that niggers don't even understand when they are being scammed so they don't complain

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>niggers don't complain
ebin

they only complain when they can understand, like when they can't afford chicken

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What is the value of the home in the last fair market assessment? Your parents probably refinanced the home years ago to take it some equity. But I would wager that the house now is worth far more than 300k.