I had to pass two job opportunities because of this, since it would have required us to move away. Houses are way over-priced right now, plus %7 interest rate? Yeah, forget it, the wage increase I was going to receive, which was significant for a guy like me, would have been eaten up in mortgage costs and then some. I calculated we would have lost money, so we just stayed here.
You could have rented while waiting for rates to come down. But maybe they won’t come down much any time soon.