Quote:
Originally Posted by DementedReality
so ... for a guy with a house in the NW, considered a slighly better than entry level type of house, with about 50% equity.
we want to upgrade ... sounds like a good time to buy, bad time to sell though.
advice on how to not get killed?
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You can run around in circles predicting the real estate market. An economist will brag when they're right and hide when they're wrong.
If you're ready to sell and can afford the upgrade (50% equity is probably a yes) I'd go ahead. If the market continues to drop you'll have equity from the house you sell, if it goes up you'll have equity from the house you buy. Being in the market already you're naturally hedged.