Mortgage killing future hunting adventures?

[Weldor]

What I have never understood is the people willing to over pay for a house or second home. We paid just under $80,000 25 years ago for our mountain place. A neighbor sold recently for for 1.7. (They bought for around $300,0000)That's for a second home Crazy. Spend if you got. LOL. The market here is stalled now and prices are dropping some. Real hard to predict where things will be 30 years from now. I can't imagine being in my 20's trying to buy a house in todays world. I built my first house in 84' with a VA loan for $54 grand. I guess $350,000 plus is low today. Glad I'm not in the housing market.

 

[Hnthrdr]

What I have never understood is the people willing to over pay for a house or second home. We paid just under $80,000 25 years ago for our mountain place. A neighbor sold recently for for 1.7. (They bought for around $300,0000)That's for a second home Crazy. Spend if you got. LOL. The market here is stalled now and prices are dropping some. Real hard to predict where things will be 30 years from now. I can't imagine being in my 20's trying to buy a house in todays world. I built my first house in 84' with a VA loan for $54 grand. I guess $350,000 plus is low today. Glad I'm not in the housing market.

It’s a giant issue and uphill fight for sure, the wife and I are trying to save her family ranch outside of Prescott , which her mom and aunts will inherit and probably sell , but with a 2.5-3.5 million price tag it’s a huge up hill fight for us in our 30’s…

 

[Mike D Texas]

Hunting memories and all that, blah, blah, blah.

For me hunting memories will never trump family memories that you make in your home.

My wife and I had kids very young and didn’t make much money at all. But I still managed to hunt, fish, camp and all the other luxuries that I wanted to do. But I would NEVER sacrifice the memories made with my wife and kids in our home over a stupid hunting trips and such.


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[Snowwolfe]

New house, new loan, new loan origination fees, spending more to get the house set up the way you and wife like it.
Stay put, suck up the high interest rate and wait a few years and hope to refinance down the road. Then you will win on numerous counts, you will owe less and have a lower rate and be at a place you like

 

[PredatorSlayer]

I have made hundreds of thousands of dollars on appreciation over the years. We just relocated for work from TN to texas. I made 400k on my home in TN. It doubled in value over 7 yrs and gave me a chunk to put down on a really nice home in Texas.

Also, interest rates will likely come down and you can refinance. I would relax and enjoy your home.