Need some advice! I live in Boise which is supposedly the most overvalued real estate market in the country right now. Bought my first home 2 years ago for 400k and it's now worth ~725k. Looking at homes in other western cities everywhere seems incredibly overpriced as well.

I plan to use the proceeds to pay off student loans and save the additional for a large down payment. Is it best to try and race interest rates and find a home or just sit on the big lump of cash and rent for a year?

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To add, we also don't know where we really want to live for sure, which makes it even harder to consider spending 8-900k on a home in an uncertain market with no definitive place we want to live.

Move to Arkansas, buy a BBH (big butt house aka mansion) for 500k and save the rest for rainy days/retirement

We’re in a Charlotte suburb and things have slowed a bit, although still crazy. We bought a 3600 sq ft place for 380k in 2019. We’d likely get 600+ if we sold now, and would probably only be active on the market for 72 hours.

You can always move to northeast. Less people moving there

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