rick81721
Lothar
Don't most people sell and buy at the same time? At least, I know I'd have to sell if I wanted to move. In that case, it would make sense if you wanted to downgrade now. At least that's how I see it. If housing prices are all affected by the same percentage increases. You'd make more money selling your expensive house than you'd lose buying a cheaper house. If you wanted to upgrade, however, you'd be getting the shaft in this market. Better to wait for the bubble to bust.
Yeah usually except for first (and last) time buyers. Also some people (like us!) sold a more expensive house in nj and downsized to a cheaper townhouse.