Ok SD Realtor, hubby and I just made the the spreadsheet you suggested. Looks like if things turn around in 3 years, we could break even in 7 years approximately. If things really tank down 5% each year until we’re back at 2002 levels, then it’ll take 12-14 years to break even. If we tank faster than it’ll only be 10 years. I feel much better and know that I’m comfortable with those numbers.
After getting all the advice here, we definitely won’t offer full asking. Based on the spreadsheet you outline, I’ll feel comfortable with the purchase if we get it- thanks so much!
