[quote=Coronita]
Well I definitely have Would-Be-Buyer-But-Backed-Out Remorse. I played it too safe. I believed it paying off my house, being completely free and clear and didn’t think rates could fall lower or prices could go up further. Wrong across the board. I should have done the cash out years ago, and bought then, not now. I think I’m going to sit it out…really brutal market right now. Home prices might have doubled wages certainly did not. Not good.[/quote]Housing price might went up 2x, but I don’t think monthly payment has gone up 2x. At the end of the day, for most people, monthly payment means a lot more than total housing price, since most people don’t pay cash for their house.
Also, where will inflation go from here. IMHO, that’ll matter a lot more than anything else, especially if you buy today w/ a 30 years fixed mortgage and can afford the monthly payment today.
