Bidding war on houses

[10x]

Gman, true. Great to get a high price, but how are you better off if you have to replace with a high price home? Down sizing or moving to another market would be the answers.

[Grant H.]

Gman, true. Great to get a high price, but how are you better off if you have to replace with a high price home? Down sizing or moving to another market would be the answers.

That's his point. Sell in the crazy market, buy in a less ridiculous market.

The idea of buying land and building gives some advantage in the current market (fewer buyers are going this route).

[Gman]

Down sizing or moving to another market would be the answers.

We looked into down-sizing. Based on what my home cost me 20 years ago, it would cost me more to buy a smaller home in this market than to stay in this bigger one.


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