4 ms·
In my area, homes have doubled in the past 4 years since I bought my house. its great, seeing the neighbors sell their home for what seems like crazy money, ex
by briffle 5y ago
In my area, homes have doubled in the past 4 years since I bought my house. its great, seeing the neighbors sell their home for what seems like crazy money, except, while I could do that, I would then need to buy a home. Only way it makes sense, is to sell and move somewhere much less costly, but right now, even remote places are crazy expensive.
- drdec 5y agoIt depends on if you are trading up or down. If you are trading up, the house you are buying is more expensive than the house you are selling. In this case you want a down market. Yes, you get somewhat less for your existing house, but you more than make up for it in what you save on the new house. If you are trading down, the opposite is true. A hot market has increased the value of the house you are selling more than the house you are buying.