Was so close to buying in 2020 and 2021 and now those properties I could afford at 1.2 and 3% are at 1.7 and 6.8% and I am locked out of the UMC for the rest of my life. No equity here. |
Lower you expectations or make more, maybe get married |
No one wants to marry me I’m 50. |
There are $600k houses around here |
What and where are you looking? |
They are dumps and not work more than $300K |
They’re worth whatever people will pay for them |
I know these are the only answers. I am just so depressed that my dream was finally in my grasp and I let it slip away. |
OP, I'm sorry. Keep saving and see what the next year or so looks like before giving up. Right now seems like the worst time before it gets better. |
I thought that last year. And the year before. I could have stretched to get my dream/forever home. Now it will never happen. I don’t have the ability to magically produce $500K for a $1.7m house that was 1.2 less than 3 years ago. I just didn’t see this coming. I thought I had time. I feel like I got hit by a truck. I have been frugal for so long and I should have spent it. |
I feel your pain. I know you don’t want to overspend. I get that. But I would hate to still be paying rent. |
LMAO
So you don’t make enough to truly be UMC in this area. Regular middle class isn’t so bad. Join us. |
My rent just went up by 20%. 20%. It’s now almost what I would have paid on my dream house mortgage had I bought it 2-3 years ago. To those saying welcome to the MC, it’s not usually something that happens in 24 months. When it could have been so different. |
I would still be UMC if I had a 2020 or 2021 mortgage. Not anymore. |
You don’t need a 1.7M house to be upper middle class. |