Bought my first home right at the end of low interest rates. I wasn’t planning on staying but I can’t afford to move now.

Sold high, bought low. New house went up 150k in 10 months. Refinanced at 2.7 and locked it in. It’s our forever home so I’m feeling pretty good about it. We took the profit from the last house and paid off all our debt and invested the rest into the new place.

We bought at what I thought was the peak, was sure we were overpaying, and mortgage as high as we can manage when tax & insurance figured in.

Since then, prices in the neighborhood have doubled, and houses are being torn down and replaced with two homes on the same lot, enormous houses small yards. Always crazy expensive ones.

I don’t like any of this. Don’t think it makes sense. The utility of a house can’t be more than the prevailing wage in an area can pay, so we’d all be better off with lower housing prices. Sure, our house is valued at 2x what we initially paid (we have since made improvements so maybe even more) but it does nothing for us. Same house. They are way over valued here.

Stole the place.

Bought in 2020 and locked in 2.65%. It’s a bit of a fixer upper due to the previous home owners’ neglect. About $60k in repairs and improvements so far has it feeling more and more like a home. The house value has risen more than I put into it.

My wife and I say almost weekly how bad we feel for others and how lucky we were. The timing was impeccable. Cashed out our 401k, used covid relief checks, and went from a 600sq ft cabin on family property to a 2k+ sq home we owned.

Super, super lucky.

I bought in Feb 2022 and holy shit did I sneak in at the end.

Wife and I bought Nov 2021. Locked in at 3.25%. Bought a good house in a decent neighborhood. Feel great about it.

Bought mine in March of 2020. Equity on my house is now like $150k and my interest is 3%. Dont want to move but need a bigger house now.

Bought in 2017 but refinanced in 2021 or early 2022 down to low 2%. Basically extended the mortgage by 4 years but God damn an i glad I did that.

I live in an apartment of broken dreams

Relieved, honestly. I feel terrible for my friends that are still in the hunt

Pretty great. Had a small (1050 sq/ft) house built in a semi-rural area and live comfortably. Two bedrooms, two bathrooms, was only ~$210k. Bought about $6k in points to get the interest rate at 2.25%. My mortgage is less than I was paying in rent for a ratty old single bed/bath 640 sq/ft townhome.

Plus I got out of the city. It’s quiet. Night sky is beautiful out here. Just stars as far as the eye can see. I got mountain views, deer chilling outside my house. I’ve got one neighbor across the street and my next closest neighbor is like a quarter mile up the road. It’s lovely.

Also, I don’t plan on selling, but apparently the place is already worth something like 30% more than the purchase price.

It’s technically our second place and it’s bigger, newer, but needs a bit of updating.

It’s not everything we wanted and between closing costs, moving costs, the exhaustion of moving and adjusting to the move I don’t think we’re going to do it again before we’re priced out of the thing we want.

We were hedging against either a bigger market correction or a bigger price explosion. Instead we just got weird global stress and fatigue.

We bought in August of 2020 and paid a little less than the previous homeowner paid in 2013. Locked in at 2.75% interest on the mortgage and pay today about $500 more than we did for our apartment rent right before we bought.

The house we bought has two stories but would allow for single floor living as we age. We might move to something smaller when that time comes though.

All in all we feel pretty great and absolutely love our house! It’s on a bluff overlooking the Mississippi River and we call it our treehouse.

Sold our first starter house to fund our dream home that fits us all at a low fixed 30-year rate. Pretty darn fantastic.