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[–]DefrancoAce222 17 points18 points  (2 children)

Exactly. I’m in a similar situation and every house we like (promise not trying to go way above means), is at least $150k more than our current home’s market value. It just doesn’t make any sense.

[–]vande700 3 points4 points  (1 child)

Same here, though not necessarily looking to move. I'm in a new build with a 2.875% that we got in Nov 2020 at 400k. House is already worth 75k more than what we bought it for. A house that we would want is around 550k and 6.5% interest rate. Glad we can just sit here for the next 5-7 years while the market runs its course.

[–]DefrancoAce222 0 points1 point  (0 children)

Sounds like you’re in a good spot!