a lot of this is so strongly based on you`re local economy, that it is hard to make a judgement. a really good broker might help at this point. you need to ck. current appraisals as well as future anticipated trends in your area. this should include the amount of time a house spends on the market vs. the amount of return vs. the resources you can anticipate. balance this w/your own tastes and allowable budgets. there are whole volumes more, but hope this helps.