Ok, so my house I currently live in, I paid $260,000 for. Zillow now has its zestimate at around $500,000. With the rising interest rates, I’m getting worried about another home loan bursting bubble, only because I got burned back in 2008 on a new home that I also bought cheap and saw it almost double in value before i had to quickly short sale.
Now I’m not too savvy on the real estate market, but I was wondering if I should sell now, rent for a while, and buy again later if the market does drop.
Do any of the experts here think that another 2008 is in the near future?
Thanks in advance
Edit: Thank you all for your input. I guess I just needed to hear it from others. I do love my house. It’s in a great neighborhood, and about 1.5 miles from work. I do not think it will ever go below what I bought it at but a few of you pointed something out to me...don’t gamble with my only home. This opened my eyes. Thank you!
Submitted December 05, 2018 at 10:26PM by slimjoey14tango https://ift.tt/2FZuRLy
