Figures. At age 41, I just last week went in debt for the first time in my life, moving my family from a home we owned in Michigan to the red-hot Seattle market for a job offer I couldn't turn down, spending well over a million to do so.
It's just starting to dawn on me now how precarious a situation we're in. Going in, it's like "awesome job, a million+ house will be worth 1.2M+ next year, maybe 1.4+ after that." Seemed reasonable.
My cynical side is just waiting for the market to implode now, our loan to be upside-down, and layoffs to start. Everything was so good six months ago. House paid off, a rainy-decade reserve. And now reality is sinking in that we could be homeless jobless and bankrupt in a month. Hopefully not. Hopefully the economy has a couple more years in it. I'd probably not make the same decision again.