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Reply to "Realized I just don’t like my house "
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[quote=Anonymous][quote=Anonymous]Mortgage rate drives a lot of this decision. If your rate is 3-4% or so and you can cash flow the renovation, stay. If your rate is higher, consider a move instead of a reno.[/quote] 10000%. People who bought below 5% pre 2024 ish don’t understand how a 6 something rate impacts affordability. Even before COVID, rates were below 5% for the 15 or so years prior. At 6.5% you’re still looking at $5.5K ish PITI on $750K financed assuming OP puts 50% down on $1.5M[/quote]
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