Let’s see, $250K would be 20% down on what, a $1.25M house?

Guess I’m saying that you could have probably put 20% down a long time ago on a lesser home.

But that’s neither here nor there – what would I do in your shoes right now?

I’d probably continue stashing cash. I can’t help but feel we are getting close to a peak. Maybe in the next 12 months. Probably right after the election, actually, no matter who wins.

I talked one of my kids into buying a home last year knowing prices were gonna rise…was the right decision and they are glad they did.

I talked the other kid out of buying recently in SF because my instinct tells me we are nearing a peak – told’em to wait and buy on the next dip.

At this point in time, that’s what I think you should do too. Ya just have to be brave enough to buy in a bear market. Its hard to do when you see prices crashing everywhere, but it’s much smarter than buying after a long run-up. Scaredy even found the courage to buy during the very dark days of real estate and he is glad he did.

Anyway, I understand your frustration. Hindsight is 20/20. All you can really do now is figure out the way forward. Good luck. Sounds like you’ve got a great head on your shoulders. I have faith you’ll figure it out.