We don’t need an increase in equity to keep our place, we’ll just be stuck here for 20 years. Our second,which is a 15 year balloon will e paid off in a couple of years, so the only worry would be if my husband lost his job and couldn’t find comparable employment. I apprechiated all the feedback and have talked with my husband about researching our options more. He still doesn’t believe the market will tank. But I do have a question that I’m sure has been answered in a previous post:
What would todays prices be if the market had just apprechiated in a more “healthy” (if there is one) market? Could that be where prices will eventually end up?I think we paid about 2004 prices for our house. I looked on Zillow and saw the same floor plan as my place purchased back in 2004 for 580K, 2003 for 480K, there wasn’t any sales of my floorplan in 2005, but there was Dec 2006 for 585K. I wondering if prices will end up at mid-2002 prices if they had just risen at a more “normal” level? Just wondering what people think?
