Anyone here regret their pandemic home purchase?

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I regret not having any money to purchase

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No one regrets it because of the 2.x% rates. And none of them will sell their home for a while because if they do, they won’t find another home they can afford with the current 5%+ rates

likesmart

Exactly this

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Isnt the higher interest rate offset by lower home prices (theoretically)? Doesn’t it makes sense to buy in a high interest rate environment as you can refi down the line + value of ur house should go back up as rates fall in the long run?

likesmart

Interest rates were at record lows…it will be a long time til that happened again. (That said, 5-6% isn’t that bad, big picture.)

Also because of low inventory, housing prices haven’t dropped just yet.

Nope, got a 2.5% in the DC Area on a new build.

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New build! 😳♥️

Nope, although I closed this year, so not really sure it counts as a pandemic purchase.

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2.75% not selling for years

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Regret not purchasing in a different area, but don’t regret purchasing overall.

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Can’t complain too much though, my home value is up $240k and my interest rate is 1.75%.

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Nope.. Got a 2.7 rate in March - should've bought it earlier but very happy with the purchase

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No, do you?

That’s still a good rate!! People buying today envy u!

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Nope

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Plan is to purchase some time after 2 years or so. Primarily to save up for a larger down payment.

Here’s my plan of attack:
- $30K saved right now ($20K in IBonds and $10K cash)
- $90K saved by July 2023
-$130K saved by 2023 and target a $800K home

Location: Suburbs of Boston, MA

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