I was duped into thinking it couldn’t go much higher. We may all be fooled again this time around if rates dip under 5 percent…and stay there!
Like csr_sd, I am making low six figures and 500K is about as much as I can afford. If at some point I am able to get a house that I like for that money, I will buy it. If not, I’ll just keep renting and save the extra money for something fun. After all, happiness is not measured in square feet.