Found a nice house, top of our price range, but requires us to move from our low priced starter home. The economy seems like a mess and economics was never my forte. Is it a bad decision to try to move up given current trends?
Found a nice house, top of our price range, but requires us to move from our low priced starter home. The economy seems like a mess and economics was never my forte. Is it a bad decision to try to move up given current trends?
Depends on how secure your financial future is.
Maybe you’re in a good predictable business, or a nice stable government job, maybe you’re in something that’s making money right now, but could turn out to be a flash in the pan like startups, or AI or crypto or Pokemon cards.
Anything can happen, but if you can pay off the loan on your new house quickly, that reduces risk by a lot.