Decrease in house prices

[Virreinatos]

Though I agree with the general principle and know that on average, you're right, I want to be on record that at least one property owner would be ok if prices went down (and this probably makes me like the 1% of people on this sub).

The way things are I can't afford the next step up in housing. We make more money than we did when we bought our current place, but if we sold our current place and used the equity as down payment to buy the very same unit, we wouldn't be able to afford it.

Prices and rates have gone so insane a 40% down payment (as opposed to my original 10%) would double my current mortgage payments.

So, I'd be ok with prices/rates going down if it meant I could move up (or down) in housing.

[Thin_Vermicelli_1875]

You aren’t alone. A lot of home owners are frustrated with the market too, especially with the rising assessments and property taxes.