So today's question comes from Clayton in Texas. I'd like to move to a nicer neighborhood.

However, with the housing prices high and the interest rates high, I'm not sure it's the best time.

The only debt I have is my house, $145,000 left on my loan at 2.65% rate. I'm confident I can sell my house for $300,000,

if not more, the downfall is I'm giving up a low interest rate for a more expensive house and a

higher rate. Thank you for your time. Yeah, I mean, this is a very standard question. A lot of people are asking, like, hey, I want to upgrade. But then as they do the math and they look at the interest rate and over the life of a loan, you know, we say pay it off faster than 15 years, but a 15 year loan, I mean, you're going to be paying a substantial more money towards your interest.

And so for a lot of people, that's making them hesitant.

But you guys, I mean, my philosophy always with buying a home is buy it when you're ready.

It's a great investment.

We want everyone to own a home.

We want you to have a primary residence when you're ready.

It's a great part of your financial picture. And so, you know, you have to really be able to kind of

take the noise and everything going on that you hear at the news and everything and kind of mute all

of that and say, okay, where are we financially? And as long as your payment is within that 25% of

your take home pay, you're on a 15 year fixed rate. And if all of that math still works for you and you have a good down payment, then you can move forward with it. But you have to know mathematically, yeah, we're going to be paying more in interest. But I mean, Dave, that's what, I mean, a lot of people are, they're pausing a home buying because they're like, gosh, I have a good rate right now in my current home. And if we move's it's going to triple basically into a higher interest

rate well as long as you're at 25% of your take home pay on a 15 year fix there's two things going on

when you do that one is you're going to get out of debt faster than 15 years okay two is we know

you can afford it yeah that you're buying a house that is

reasonable. Your move up is reasonable. If it fits those two things, Clayton, you should go

ahead and do it now. Okay. Because here's the thing. You said some incorrect things here. Okay.

However, with housing prices being high, no, honey, housing prices just are.

They're not high.

They're high compared to yesterday.

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