I would really appreciate everyone's thoughts. Many of you know about the disaster that was my new house construction experience. My fiancée and I are getting married in May and we've decided to sign a new apartment lease and keep saving money. The entire new construction process was mentally draining and a part of me is still bitter on how everything went down and I need time to go through the home buying process again. I know that interest rates are going up but after narrowly dodging a bullet on the last home I just want to take my time. Do you guys think this is a prudent approach?
4 years ago I was in a similar spot as you.
I didn't buy and kept renting.
That decision cost me at least 40-70K after appreciation and equity I didn't build because I kept renting.
If you are in a hot market I'd buy as fast as possible.