"Our house value dropped $250k - should we sell anyway?" Mailbag episode
What do you do when you’re stuck between two bad options?
Sell a home you bought near the peak of the market, even though it’s now worth hundreds of thousands less, or stay put in a house that no longer fits your life?
That’s the dilemma facing this week’s listener. They bought in late 2020, welcomed kids, watched their house value fall by around $250,000, and now feel trapped: too much mortgage pressure, not enough flexibility, and no clear “right” move.
Vanessa Williams from realestate.co.nz is in the expert hot seat, to tell us about the shocking number of New Zealanders in this situation…
The skinny
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