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sweatpantswarrior t1_ja9kz4i wrote

Wife and I bought near Haverhill last summer, at the top of the market. We did 90k over asking. We paid nearly 600k for a 3 bed built in the 50s with only 1.3k sf. The only reason we could afford it is an inheritance on my end (I know, I know...)

Sure we got a low interest rate, but I don't see us being able to move to a better house in the next 10 years and we absolutely overpaid for our home.

Now, though? Things that were in our price range 9 months ago are like 1k higher on the monthly payment than they were before.

The market is fucked, and it won't get better until rates take a SIGNIFICANT dip. Even then, we're back to stupid bidding wars.

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believe0101 t1_jaa6ppo wrote

Have you considered offing some additional family members to rake in more inheritance money?

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shacksrus t1_jacr05s wrote

Increases your buying power and reduces demand at the same time!

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pointycube t1_jaaptvb wrote

> The market is fucked, and it won't get better until rates take a SIGNIFICANT dip. Even then, we're back to stupid bidding wars.

Prices go up when rates dip usually.

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