Reply to buying now or waiting another year?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I just bought.  These posts stress me out a little.  I paid premium (over asking), but not absurdity (ie 100+ over asking).  I’m lucky that I was already a home owner and am preparing to sell, so fingers crossed we sell high also.  The part that stresses me most when I read these posts is that we currently live in a desirable close in neighborhood, and we are moving further out.  I think it’s likely our new home could see a small drop in value in the months/ my ears ahead.  But then I remember it’s the right home and location for my family, we didn’t financially over extend ourselves, and it will make daily life much better.  And I’m at peace with that.  The thing is, I have all this stress when I read these posts… and yet I also believe that the DMV real estate market is different, that WFH is here to stay and yet won’t change things that much in the near term, etc.  no one knows what will happen.  Waiting would have been very difficult for my family so I am glad we didn’t do it.  Only you know what’s right for you and your family OP.[/quote]

Let’s say you end up losing 100k on the house whenever you sell it.

Does that translate into a life of poverty?  Do your kids not go to college?  Do you have to work until you’re 90? Do you starve?

Assuming that you didn’t wildly overextend yourself and you invest/save a reasonable amount each year, the answer to all of these is: no.

So what’s the worst thing that happens?  Is it that bad?

It sounds like you made the best decision for your family.  Rest easy.

This is the way.[/quote]

+1.  You can’t always put a value on things like better schools, a yard so your kids can scoot right out the backdoor, etc.  If you can afford it and it makes your life better, good for you.  [/quote]

Actually you can put a value on this.  Plenty of people would choose to NOT be underwater on a home or significantly overpay for a yard for their kids. [/quote]

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