I sold my house and have been traveling for the last few years. Now I wonder if I'll be able to buy another at these prices. I have to believe there will be a return to the mean in asset values at some point. The current real estate market lacks liquidity at the entry level and at some point that trickles up the price chain. Plus the rec…
I sold my house and have been traveling for the last few years. Now I wonder if I'll be able to buy another at these prices. I have to believe there will be a return to the mean in asset values at some point. The current real estate market lacks liquidity at the entry level and at some point that trickles up the price chain. Plus the recent rate of appreciation is totally artificial thanks to the Fed's utter mismanagement of everything they touch that impacts those of us outside their inner financial clique. One thing I know for sure from my flying days: what goes up eventually comes down. And it's going to be ugly.
Don't even think about renting ... rates in most liveable places are stratospheric. Maybe you should buy a used RV and tie up in a park somewhere until, say, 2025.
I actually had a coworker suggest I should sell my paid-for house and rent because it would be "easier" to care for. I asked them if they were insane because the going rate around Columbus, Ohio is way more than I make in one month. No way!
I sold my house and have been traveling for the last few years. Now I wonder if I'll be able to buy another at these prices. I have to believe there will be a return to the mean in asset values at some point. The current real estate market lacks liquidity at the entry level and at some point that trickles up the price chain. Plus the recent rate of appreciation is totally artificial thanks to the Fed's utter mismanagement of everything they touch that impacts those of us outside their inner financial clique. One thing I know for sure from my flying days: what goes up eventually comes down. And it's going to be ugly.
Don't even think about renting ... rates in most liveable places are stratospheric. Maybe you should buy a used RV and tie up in a park somewhere until, say, 2025.
Thought of that. But most rents right now (Boise ID area) are about half the cost of purchasing.
I actually had a coworker suggest I should sell my paid-for house and rent because it would be "easier" to care for. I asked them if they were insane because the going rate around Columbus, Ohio is way more than I make in one month. No way!
Owning a fully-paid-for home is indeed a major blessing. We're with you in that situation.