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Old 07-29-2010, 10:41 AM   #1131
Old Yeller
First Line Centre
 
Join Date: Mar 2004
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Not that I'm hoping for a market crash, but I'm also looking to upsize and can kind of see where chemgear is coming from in that situation.

I got in at the right time and have a tonne of equity in my current house, but if my starter home goes down by 10-15% in value compared to the place we're looking at buying, it still has the potential to save my wife and myself thousands of dollars.

Of course my neighbor listed his home for an absurdly low price and it still took over 3 months to sell and he finally sold it to a rental company that probably bent him over backwards further because he didn't want to carry two mortgages for any length of time.

It's a tough market out there right now.
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