NSR, what are you talking about. As you know, I believe the market will go down. If it is going down, why would I not sell the house? I’m not arguing about delay selling. I’m talking about delay buying. If you sell now, invest the $164k @ 5.3%, in 3 years, that $164k will be $191k. Granted it drops 20% in 3 years, That $800k house will be $640k. You down $191k and your mortgage will be 449k.
Now, does it make sense to buy now compare to buy later IF it drops 20%? Moving, some hassle for 3 years will save you $850/month for the next 30 years. How’s that for a payoff for a little of hassle?
