Posted 2/29/2024, 3:16:00 PM
Priced Out Again: Family Sells Home to Pay Debt, Now Regrets It as Prices Soar
- Sold home in 2021 for $296k, wanted to use profits to build dream home but were priced out due to rising rates/prices
- Divorced in 2020, was paying all bills as single dad before meeting new partner and blending family
- New partner lost job, racked up debt, decided to sell home and move in with parents to save money
- Believe selling home was a mistake given how much values have increased since 2021 sale
- Making more money than ever but still feel attaining homeownership is impossible due to high home prices and rates