Anza Borrego posted:

Can you source anything on this?
I’m set to close tomorrow and this kind of poo poo is giving me hives. To try and set my mind at ease, I ran some calcs.

I compared my current purchase price and interest rate (4.25) to a hypothetical crash price - 20% off of purchase price, which is what I understand to be the average rough order of magnitude from The Great Recession - and ran that at 9%.

The lower home price and higher interest rate is PITI costs are roughly 20% higher than my current payment. At 7% interest the payments are still about 10% higher than our current price.

That’s all assuming a substantial drop in price, which seems unlikely in our highly desirable area of central San Diego, which is undergoing a little San Francisco-ization right now, but who knows.

This makes me feel a little better. Sort of.
Do never buy, I guess