Yes, when I scratch out the numbers with that 30-year figure, it makes sense to me too, BUT
1. I know there’s no way I’m going to stay in the same place for 30 years. I know I’ll want to move from a ‘starter’ and trade up. How can I trade up, if house values are going down?
2. If I buy now, I’m sure to lose money as the market is headed south. Do I really want to lose $10, $20K, $30K in the next 1-5 years, just for the sake of owning a home?
This is why I stay put.
It’s hard to not get emotional about the purchase. Everyone wants a home. It’s natural.
