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Real Estate
Reply to "What would you do - stay or buy new?"
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[quote=Anonymous]I think about this possibility all the time. I have a house I bought with a 2.75%. Good neighborhood and all that. But it's not really where I want to live and I bought it with the idea it'd be a stepping stone up to the type of house I always wanted to have, including on certain favorite streets/neighborhoods. But the reality is now nearly 8% interest rates and to make it work I'd have to throw more money into the down, probably paying 60% down and would have to close out one of the investment funds. And things would be tight fir a bit. But I'd have a house that would make me much happier. Maybe. Who knows. Stay in dull and boring with plenty of money in the bank versus a house you'd love and things are tight for a while. Not an easy decision. [/quote]
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