If you had to buy the house you currently own at today's market price... (insurance, income)

[Figment 07]

...could you still afford it?

[dlh891]

I just sold my main house in Florida that I would just about be able to afford. I got a steal on a house in the Atlanta area (July '06) that I would not be able to afford at full price.

[SpeedyAZ]

My house is worth more than double what I paid for it a few years ago, I could NEVER afford it now! I'm glad I bought when I did.

[Racelady88]

In a word, no.

The forum requires more words, so here they are.

[dreamofmonterey]

Originally Posted by Figment 07

...could you still afford it?

I could not pay 600k for a 1900 s.f. house.


sunny

[alexander59]

Absoloutly not, it more than doubled in value in the last 5 years and the insurance increased more than four times. My sisters house has tripled in five years, insurance also increased four times.

[Need_affordable_home]

Thats the thing, few people could afford a house at todays prices. My parents probably wouldnt pay todays prices on their house, they just would relocate

[lionking]

nope,,,which is why Im selling mine,going where I can pay one off cash with my equity,even if its slightly smaller than what I have now.

and with windstorm rates raised again,Im pushed to my limit to where I might have to really lower my price before I have no way of paying my current mortgage.My whole life is doing that now.

as long as prices lower where I want move to it will make up for it though.

[ExNYC]

My husband retired and and we knew our house would be too much for us on a fixed income, so we sold it and moved. However, even if he were still working it would have been a stretch to spend the same money on a house. We bought for 720k and sold for 1,360k five years later. Insane.

[tallrick]

Not even close. What I put 50,000 into is now worth 1M? That's beyond insane, it's criminal.