Interested in hearing opinions/consensus.
Currently live in a 3/2 house. Wife and I have two kids under 2 years old. Both sets of inlaws live several hours away. It's a major issue not having a guest room when they come to stay. Grandparents weren't built for sleeping on couches/air mattresses.
Because of this, wife wants to upgrade to our "forever" home that the kids will spend their childhood in. I wanted to do this in 2-3 years when we have at least 3 children. Her argument is that if you're gonna do it in 2-3 years, then why not now when the market is so slow. Take the hit on our current less expensive house and get the more expensive house at a discount. For some reason in my brain I just want to wait, but not sure there's a good reason to.
Thoughts? Concerns? Advice on when to buy a forever home regardless of the market?
Thanks
Currently live in a 3/2 house. Wife and I have two kids under 2 years old. Both sets of inlaws live several hours away. It's a major issue not having a guest room when they come to stay. Grandparents weren't built for sleeping on couches/air mattresses.
Because of this, wife wants to upgrade to our "forever" home that the kids will spend their childhood in. I wanted to do this in 2-3 years when we have at least 3 children. Her argument is that if you're gonna do it in 2-3 years, then why not now when the market is so slow. Take the hit on our current less expensive house and get the more expensive house at a discount. For some reason in my brain I just want to wait, but not sure there's a good reason to.
Thoughts? Concerns? Advice on when to buy a forever home regardless of the market?
Thanks