I am a CPA...
... and I talk this sort of thing over with other financial folks.
As many posters stipulated, there are a lot of factors involved. We don't have another 20 or 10 or even fewer peak earning years left to make up for a bad decision we make today.
A good financial professional will help you consider all the angles, crunch numbers using a few different assumptions and help you make a decision that lets you sleep at night.
While I tend to agree in general that now is not the time to buy a place without selling the one you currently own, I really don't know enough about your situation to give you the right answer for you.
Kate
PS - the fact that you posted this under the investment forum tells me you are thinking of this as an investment, which is good. Don't let your nesting emotions cloud your judgment.
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Holyoke, Mass; East Granby, Monroe, Madison and Branford, Conn; Port Clyde, Maine; North Myrtle Beach, SC; The Village of Bonita (April 2009 - )
Last edited by katezbox; 06-26-2009 at 03:21 PM.
Reason: add PS
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