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We decided to take a break

30 recently married male in MCOL area.

When I started really saving for a house 5 years ago, I believed I would buy a $150k starter house and live there for a few years. I started a side hustle, stashed $250k in a down payment fund rapidly (the business took off), and decided with my new wife to go for it about 5 months ago.

I thought this would be fun.

Going for $350k houses seemed like a dream a few years ago - that I could never do it. But even $350k houses are on the market for 16 hours before having offers $70k over asking or some bullshit and I think that I could not realistically be in a better position to buy a house but I’m not gonna be stupid.

I feel defeated but I just can’t do it anymore. This market is not for my wife and I and I can’t stomach paying SO MUCH over what I know these houses are worth. I’m all about being aggressive and I’ll definitely overpay. But I’m not gonna be dumb.

Guess I’ll just keep saving. Thanks for letting me vent because I’m sad.

submitted by /u/Waltgrace83
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/ueiyj0/we_decided_to_take_a_break/
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