wow, pizza, appreciation, I hadn’t thought of that. None of my current formulas or theories take that into account. If you don’t mind the temporary layover, I’d give it at least until winter before jumping back in. From memory, you liked a little land with your home, in tracking the redfin price drops, the customs on land are the ones getting the biggest beating right now, they are about 70% of the price drops but only about 10% of the market, that tells me that the gentlemen ranches are finally catching up, it might be best to let that play out. It could be that the water is tight right now, that non income ranches are bleeding people dry or that they pencil out badly as rentals so they get no investor support.
On the other hand, you got into this situation because you outsmarted the market, you got a great deal when nobody was looking, there will be other windows where you are the lone buyer as we kick along the bottom for a while, find a month to month rental until interest rates spike, kids go back to school, the rain starts, the buyers fade away for a bit and then take another bite at the apple. Personally, I couldn’t muster the energy to move again. I may live in this house till I die, for no reason other than my washer and dryer is on the second floor and I am not moving those things again, ever!!
