|
Information Junky
Join Date: Mar 2001
Location: an island, upper left coast, USA
Posts: 73,167
|
This just in... housing costs money.
That is, get over the idea that housing is always a gain. . .break the ubiquitous notion that not only can you live somewhere for free, but you always make money too.
You can try to wait for wage inflation to buoy housing prices back up. But that might be a while and servicing the loan and maintenance may cost more than you would lose now.
I don't have a crystal ball, but do notice that banks seem to think that big (wage) inflation is a long ways out. (judging by the lending rates)
__________________
Everyone you meet knows something you don't. - - - and a whole bunch of crap that is wrong.
Disclaimer: the above was 2¢ worth.
More information is available as my professional opinion, which is provided for an exorbitant fee. 
|