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I's say anytime you can sell for a huge profit and move to reduce your expenses, its a good thing.Originally Posted by CavSct1983
...and you should always be thinking of the sell when you buy something. If you got a great deal on a place that wouldn't sell then why would you think it will be different when its time to sell for you?
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In a pig's eye! I'm not saying there would never be circumstances that would not require us to move, but this sort of mentality never truly clicked with us. Purchasing a home was an enormous effort, and took a great deal of time, resources, and physical/emotional/mental toll. To think that we would make such a massive purchase with the idea of selling....well, we're not in the military anymore, so our home is OURS, by god. We've had friends suggest that we don't paint specific colors "so when we sell, it'll be easier" and it just doesn't make sense. We're not renting. We're taking great effort in establishing ourselves here, and our investments go far deeper than money. This is our community. This is our home.
/end introvert rant
"There is nothing in the world so permanent as a temporary emergency." - Robert A Heinlein The Moon is a Harsh Mistress
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Selling your house doesn't always happen because you want to. Sometimes life circumstances change and you have to sell. Thinking about the sell when you buy can make it less painful if unfortunate circumstances happen.
It has nothing to do with how much you love your home and or if you plan to never sell it.
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A lot of assumptions in there, I suppose. We just bought. I wouldn't call it a great deal, but it wasn't awful either. Originally sold in 2013 for 253k and we bought for 280k, which is right in the middle of prices for the area. Also, those other places selling for same don't have AC or they don't have a basement, or both. We have a full unfinished and AC, so that's nice.
Our plan when buying was to sell in a few years. Whether that's because I'm in a place we can afford some land or we just decide screw it and go all little house on the prairie, I can only foresee not selling if a bubble bursts. But if/when that occurs, it probably won't matter much for anyone, regardless of the property.
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It is terrible to contemplate how few politicians are hanged. - The Cleveland Press, March 1, 1921, GK Chesterton
Longterm Population forecasts are 8-9million people by 2050.
Municipalities are planning for future water usage based on that forecast.
Im sure there will be dips here and there, but I don't see people stopping moving here over the longterm.
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The previous bubble had a lot to do with shady financing. Qualifying for financing is a heckuvalot more thorough today. When financing companies are held responsible, this is the natural result.
Liberals never met a slippery slope they didn't grease.
-Me
I wish technology solved people issues. It seems to just reveal them.
-Also Me
Right, but the explosion of "value" just seems... unnatural.
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It is terrible to contemplate how few politicians are hanged. - The Cleveland Press, March 1, 1921, GK Chesterton
I read just yesterday that they are doing the same shady lending practices still today.
https://www.sovereignman.com/trends/...r-again-19902/
USMC 2000-2004, OIF
We just bought our house last year, right after the assessment period ended. They valued our house ~$30k less than we paid for it, even though it was a large (20%) increase from the previous assessment. We overpaid for the house by about $10k, so I'd say they're pretty close in my case.
I'm about to try an experiment in leverage and may just purchase another house, and keep the one I have now.
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