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re: Average New home price biggest drop since 2008

Posted on 8/3/22 at 11:42 am to
Posted by narddogg81
Vancouver
Member since Jan 2012
20414 posts
Posted on 8/3/22 at 11:42 am to
a big price correction helps me more than low interest rates do. both my wife and my incomes stand to drastically increase in the next few years, so if house prices would fall about 25% that would put us in the perfect spot to upgrade substantially while keeping the payment a nice % of our monthly income, even with the reduction of the price we could sell our current house for
Posted by teke184
Zachary, LA
Member since Jan 2007
98939 posts
Posted on 8/3/22 at 12:18 pm to
Hope things work out for you.


My long term hope is that, when the kids are out of the house, my wife and I can sell the current property and relocate.

May not be possible depending on a potential collapsing market we are leaving or explosions in costs where we want to end up. I just know I want out of Louisiana long term, especially if there are few things keeping us here should our parents pass on.
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