Actually, yes, we are partially counting on our Texas home reatining its value. We live in an extremely nice, sought after neifgborhood, between Dallas and Ft. Worth. We bought 3 years ago for $360K and the comps are selling for $550+. My Realtor here says most all of her clients are moving here from bubble areas, like CA, NY, Mass, DC, etc. I don’t see our home increasing much more, but I’m hoping it will level off and hold its value for a few years.
Worse case scenario: We’ll have $400-$450K to put down on an SD home. With a little luck…$500-$600K.