I hear ya... my neighbor is a felon that tried to kill his mother... and is now living with the same lady. Talk about crazy!
....he's back in jail now which is good.
https://www.forbes.com/sites/qai/2022/10/09/housing-market-trends-whats-happening-with-mortgage-rates-and-housing-prices-right-now/?sh=3e46fe0a1a77
Here is another example of how today's landscape is different from 2 years ago... this is from October:
In 2020, the average list price on an...
you "made" $80k on the old house... did you roll that equity into the new house or finance the extra equity the new house gained over the past several years?
do the life of the loan look... that's where it should be more eye-opening for others... i understand you can refinance, but a lot of people aren't in a position to always do that.
don't let your crappy neighbors or HOA dictate/pressure you on one of your largest financial decisions. I mean i get it... i have a huge distaste for some of my neighbors, but they are coming and going as well.
My quote is "they've either earned it or they are in debt up to their eyeballs"... no sense in trying to keep up with others. Very few inherit wealth... and they all think they can "afford it"... as they think affording the payments is what matters.