re: Anyone else probably stuck in their current house forever?

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Bought in 2018. Refinanced to 2.75% during the pandemic. House appreciated by a couple hundred thousand. I doubt I could afford it at its current value, interest rate, and tax bill. Not the worst thing in the world, but some things about it are not ideal with young kids. Pretty much stuck. Even downgrading doesn't make sense. You would just get lesser house for the same or more price at a higher tax and interest rate. I say stuck forever - that's probably not true because I could pay this off and pay in cash for a new house in the future but definitely stopped us from moving in the next 5-10 years minimum.

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Built a new house in December 2020 and have a 2.62% interest rate. Have somewhere between 750k and 800k in my house but my mortgage is only $2500 per month with insurance and taxes included. I thought I would be in this house forever but a move may be coming sooner rather than later.

Probably cost me a million plus to build my house on an acre around Houston with the pool, outdoor kitchen, 1000 sqft garage, and fencing I have. If I have to end up moving not sure how fast my house would sell in that high of a price range in Baton Rouge.

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If I had a sub 3% mortgage, I doubt I would be in a hurry to pay it off.

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You should not be in a hurry and no one should feel "stuck". Worst case scenario if you want to relocate to wherever you want to live you can always rent it out.

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You should not be in a hurry and no one should feel "stuck". Worst case scenario if you want to relocate to wherever you want to live you can always rent it out.

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Just remember you lose the tax exemption when you sell it if it’s a rental long enough…

Selling my condo that is absurdly cheap because I am relocating, getting a huge salary increase but it’s painful to give this place up at a cost that would be cheaper per month than renting an apartment.

You are only stuck if you are stuck in Louisiana

I’ve got a 3.1% rate on my house I’ve been having since 2016. I still have PMI on it, but even before rates jumped to where they are now, I would have had to pay a higher note to refinance out of it. There’s a lot that led to me never refinancing like losing my job during the plandemic and going into mortgage forbearance, but I digress. I don’t think we’re ever getting rid of this home. Makes zero sense to sell it and lose the rate. I don’t know shite about being a landlord, but I will someday.

I feel pretty fortunate. We bought a house a little less than a year ago right at the upswing in interest rates. Got 4%. The market had just started to cool, and we got the house for $120k less than the asking price when it was all said and done. It's a house we can be comfortable in forever with just the two of us, had a pool installed, some land.

The tax adjustment ended up being $800 more a month than they had in our original escrowed payment. That hurt a bit. Property taxes should be deemed illegal.

Always wanted a bigger house. We called this our starter home. Life happened and now this house is looking better and better every day. It keeps appreciating, it’s brand new after the 2016 flood and why move for a mugger note even though I can afford too. Nope, it’s not stuck, it’s an investment.

Where in hill country?....FIL lives outside of Boerne and we hope to move out there from BR when retire

and I prefer paying prop taxes that stay somewhat local rather than state taxes that get sent to support non-producers (especially in La)