First – thank you for the honest and open comments. I also feel we are headed for a recession, and homes here will reset back to a more realistic price point. When precieved value and real value get out of line…trouble follows.
I have owned homes in 4 states, always buying 20% down 15 or 30 yr depending on the home. I moved here in April & the RE that I worked with tried in vain to have me believe that the housing market was only going to continue to grow -his words -buy now or regret later. I could not pull the trigger, I knew something was out of line. I could not drink the coolaid, so I balked.
I am renting for now, will sit by and watch the fall or correction or whatever we all choose to call it happen.
Money in the bank – no debt. Time is on my side, yes it is.
