3 ms·
In 2015, I bought a 2500 sqft home in a great school district on 1.5 acres. Zillow says it's now worth $330k, and would need a mortgage of roughly $2800/mo. Si
by LeifCarrotson 3y ago
In 2015, I bought a 2500 sqft home in a great school district on 1.5 acres. Zillow says it's now worth $330k, and would need a mortgage of roughly $2800/mo. Six doors down, a neighbor is renting for $2100/mo.
I'm at 2.8%, paying $1100/mo on a 15-year $130k mortgage.
I got lucky. I feel bad for my friends and relatives who did not join the market at the right time.
- jeffwask 3y agoI got burned on my first house and ended up short selling in 13-14 after the first collapse when I moved. I was gun shy about buying when I moved to Texas and missed the really cheap houses. My initial plan was buying in 2022 but I am so glad my wife pushed us to go for it in 2021 or I would be paying at least a grand a month more in interest or be in a less ideal home.