I've been a long time lurker on this board, and this is where I prefer to get my news updates. My wife and I purchased land in September with intentions of building this year, but I've been getting cold feet. My wife is wanting to press forward, but I am concerned about the price of materials, potential for a rise in interest rates, and difficulty selling our current home.
Are there any pedes on this board that can give me some good information to consider in this process and also educate my wife on the good and bad? Should we press forward with selling and building or slow down? I appreciate any information provided. We are in our early 30s, both nurses and have 3 small children, so I don't want to cripple us financially.
The most valuable epiphany I have had in the last 4 years is this: Don't wait for outside events to guide your life- the end of the world is always the day after tomorrow. You make the choice for you and your family. With that said, I would have put my house on the market last week, and contacted my preferred builder two weeks ago. If America goes to total shit (we're only about 85% there), you are going to have far bigger problems than your house.
That's a great point. My wife likes to go with the flow whereas I am a doomer much of the time.