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Real Estate
Reply to "Is there going to be panic selling?"
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[quote=Anonymous]I am worried but not panicking and not selling. I also recognize I’m in a better place than most. We bought pre-COVID (so have a good bit of home equity) and a < 3% mortgage. House is now worth $1.3 with about $550k left and we can afford it for a while on 1 salary, esp if we stopped paying for childcare with 1 parent at home. We also have some family in the area. So basically we have nowhere to go that would make sense and are in this for the longer haul. It would hurt us on paper, but I’m more worried about the people whose housing stability will be at risk. Now if DH and I both lose our jobs and cannot find employment, well then I guess we’d have to move wherever we can find work. [/quote]
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