- GoldenHas donated $ to the upkeep of GPL
I bought my house in 2006 at the peak of the market. My home is probably worth now what I owe on it. I can now afford a much nicer house and we are thinking of moving. Paying the closing costs on the current house, moving costs and paying 20% down would mean writing a check for nearly $100k. Hmmm, nope.
Having said that, I wished I had put more down when I bought the current house so I could manage a drop in the market. There was a point when the market was low and my company was talking of closing my site. A move would have meant a short sale of $60k+.