Prices have rarely fallen even in bad times. It may happen again, but don’t let a loss prevent you from doing what you want.
And likely renting is a hell you don’t want to get into unless you can basically rent to family. Landlords are not loved.
And likely renting is a hell you don’t want to get into unless you can basically rent to family. Landlords are not loved.
Given how bad the tech sector is doing now that the real world is back post lockdowns, I’m not comfortable taking on that much more of a payment.
Moving to a more expensive monthly payment in a school district where you don’t need to send kids to private school to get a good education can save thousands of dollars, for example.
But I know how it is. I had an underwater house in CA for 10+ years before I could refinance.
A nice middle class suburban house in Detroit bought in 1965 may have seemed like a safe investement. Today it could be worth nothing.
Who knows where the next Detroit will be?