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Did your house not also increase in value along with every other house?
by CincinnatiMan 1y ago
Did your house not also increase in value along with every other house?
- S_Bear 1y agoYes, but not having a mortgage is huge. And it's a giant leap from the 90k my house is currently valued at to the $299-350k that a comparable home in a metro area would fetch (I live in the middle of nowhere).
- mikestew 1y agoEven if it did, upgrading proportionally went up, too. Let's say that $40K house went to $100K. But the $100K house that OP originally wanted to upgrade to is now $225K. The difference between what they have and what they want doubled, and so did the mortgage payment. Source: the many times my spouse and I have done this exercise.