Stuck at a house I hate but good interest rate , heloc vs move

This is what we did this last year. Bought in 2019 for $350. Sold this summer for $660. Wanted a bigger house because we added a kid and more animals. Much happier despite going fro. 2.75% to 5.75%. Had enough money for 25% down payment on $750k house, 80k to renovate and pay off cars. I’m not as frustrated with my living space and we are on a much better street right next to a playground and large green space. Will refinance when rates go down.

That's wonderful (and I don't mean that sarcastically). I think people need to keep in mind that not everybody won the timing lottery and had 40%+ appreciation in 3 years to offset rate increases and still buy ever-more expensive homes. What a strange time to be alive (COVID, massive asset inflation, etc); it's getting hard to even follow all the unprecedented changes going on around us, all in a few years time.

/r/RealEstate Thread Parent