MACS wrote:THINKING - sell now, at the peak.
Wait for the inevitable crash. Then buy.
Also thinking - what if the crash doesn't materialize? What if interest rates go stupid?
Now what? Double wide and ta hell with it?
Assuming California pulls its head out of its ashe, the number of sellers could slow. More likely, CA will continue to circle the drain, get worse and when the bubble pops, the biggest drop in values will be ......
in what state do you think.
The extra 50k you can sell your home for now can put you in an awfully nice, $2k a month condo in Jax. ... and have some extra money for bourbon.
Is your heart set on new construction?
This just in from my wife from work.... 30 year fixed rate mortgage went to 5.05% today. That is the base rate. People with iffy credit will pay significantly more. Rates will continue to go up for the foreseeable future. People are still panic buying.
The shpo boss put his house up for 499k or best offer. Within one day, 8 offers made. The best off was 540k.
If you want to talk with her, she'd be willing to hear you out, answer questions and generally get you well centered. Well, she's not a miracle worker but.. you know.