got in near the end of of the 08 crash, refinanced when rates were through the floor in `20. No way I could afford otherwise. Its a great lot, good schools, but small place, little over 1300sqft, one bath 1920s farmhouse.You live in MoCo right? I have no idea how people afford suff there.
I'm almost paid off, but the land is worth so much, its golden handcuffs. I could sell the place for around what fly's is going for, maybe +100k, but the far better value is to build a new house on the land, which will skyrocket the overall value.
I bought for ~300ish, and could probably sell for around 525-550, but the minimum place that would increase my standard of living is like 800k, and its a very minimal increase in standard of living
Like 440k of that sale value would be land value because I have a couple acres. So the plan is to try to swing a construction loan with the land as equity and build a really nice place that fits the family better and boosts the overall value.