We bought in December at a price that felt too high, but now with all the sales on the block there’s enough comps this month to suggest we could re-appraise with 20% or 22% of more of debt-to-equity.
Having said that I also know more friends/family trying to have kids and move into a home. I also see friends with parent’s in retirement living alone in large homes too afraid to downsize in this market.
I went remote in 2018 living in a Brooklyn studio. My wife and I utilized remote work to move to a smaller city in late 2019, living off a substantially smaller portion of wages, seriously snowballing debt payments and increasing savings. Had we just bought in Jan 2020 we would have saved a bunch. The market was wild then too and already not cooling down here through that winter as it usually would. Little did we know 2020 would bring a pandemic into the mix.
Having said that I also know more friends/family trying to have kids and move into a home. I also see friends with parent’s in retirement living alone in large homes too afraid to downsize in this market.
I went remote in 2018 living in a Brooklyn studio. My wife and I utilized remote work to move to a smaller city in late 2019, living off a substantially smaller portion of wages, seriously snowballing debt payments and increasing savings. Had we just bought in Jan 2020 we would have saved a bunch. The market was wild then too and already not cooling down here through that winter as it usually would. Little did we know 2020 would bring a pandemic into the mix.