u/SloppyTroppy

I purchased my 3 story, new build middle unit townhome at the peak of the market in my area. 6 months later, the same units were selling for $50k less. Someone who purchased around the same time recently tried to sell for around the same they purchased for and got zero interest. They’re now trying to rent it out, again with zero interest.

How do I quit stressing over the fact that I overpaid? Makes it more difficult to enjoy my home and not regret my purchase.

Should I just take the loss when the time to move comes?

I bought a 3 bed 2 bath home (270k) a few years back at 6% interest rate. I still owe about 200k. The builder DR Horton said the neighborhood would be limited to 1200 people, however they are still building. I was looking to sell to move to another city early next year.

Problem is:

1. Incentives for new home buyers are as low as 3% interest rates.
2. Prices have not gone up due to new homes just like mine being built in my area.
3. Slow market. There are a few homes like mine selling but they have been in the market for a year.
4. Rents are around $1650 and my mortgage is about $1800 with the escrow included.

My realtor said that I could sell the house and pay 30k of closing costs. I would get 40k back and have a better chance of selling the home.

I’m regretting buying my home. Not sure what to do.