Hey guys, so my wife and I would love to sell our house and get into something nicer. Right now prices are so inflated though I feel like I should wait, even with the great interest rates.
So the house we’re looking at is 450,000 but I know it’s only a 299 house in a normal market. I tend to think we’re better off buying once prices come down, even if it’s a higher interest rate, but I’m not sure what’s better in the long run.
The other factor is that with the crazy prices we can make more off our house and put down more money, so maybe I do that and wind up mortgaging the same amount as I would on a normal priced house.
Of course I also like the idea of putting down only the 20% and saving/investing the rest of our sale profits for a rainy day.
Submitted April 30, 2021 at 10:04AM by uniteskater https://ift.tt/2PEFSaE
