@ always_ask_a_question;
Where exactly can you borrow at 2% now? And you assume housing will go up. That’s true in the long term but what if you need to pay those bills next year? Who says it won’t collapse by then?
@Demoshe, I can’t question a personal decision. I just hope that you had a good reason to jump into buying new house. Many jumped simply during the covid gold rush in h a hast to follow the joneses and live more lavishly with a pool, and nice yard etc. They forgot that their “old” townhouse had a basement rental too and life was affordable. After all rates are at 3% and we are all getting stimulus plus PPP. Everything we invest in turned into gold , henceforth the inflation fueling. Now that kind of lifestyle begins to bite us. To be clear, I don’t mean you per say and I am sure you had a need.
I do agree that there is a crisis for the new generation now. This is something that has happened in 20 years as there are no townhouses for cheap either.