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[quote=Anonymous]We currently live in a small condo in SF that we bought in 2019 for $1.2m with 40% down, 3.5% interest. Unfortunately, we had to sink an additional $150,000 into major building repairs last year. Values in our area of the city have dropped, but not in crazy terms. We would probably sell for $1.175m.

DH recently changed jobs. We no longer have to stay in SF, though we are able to do so. In the longer term, we want a SFH in good condition for under $1 million. That budget means moving out of SF, likely out of California.

DH is of the opinion that we should move now, even if it means taking a loss on our SF condo. (We almost certainly would lose money if we sell this spring.) His view is that even though we will sell for less, we'll also buy for less. He also says that houses are only going to be more expensive in five years.

I am leaning toward staying for a few more years to allow the SF market time to recover. Though there's no telling how long we would have to be here to break even, based on previous experience from 2008-09, it took about five years. I hate the thought of living in this tiny place for five more years, but not sure if I hate it more than the thought of losing $200k+. In addition, money we saved for the next down payment had to go into home repairs on the condo, which means we'll probably only have 20-30% down payment for the next house, but not more. And the interest rate will be significantly higher.

WWYD? Sell or stay?

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