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[quote=Anonymous]My job is moving fully remote. My DH's job is currently DC-based but is moving to part-time remote after Covid and has a large Baltimore office. We are contemplating moving to Baltimore because we are exhausted by the COL in DC. We love the city a lot and have been here for 15 years, but think we might be ready for a change of pace.

When we look at real estate in Baltimore we get excited -- we can afford so much more house there and even factoring schools, we'd have lots of options in our target neighborhoods. It could be a huge lifestyle upgrade in terms of square footage and other amenities (outdoor space, parking, etc.) and cost us less per month than the mortgage on our current condo.

We also like Baltimore and have spent a lot of time there (DH went to Hopkins) and feel like we could be happy there. Schools are tricky but we are currently zoned for a frustratingly struggling IB school in DC. And in Baltimore, private school might actually be an option because we'd have more money and the schools are less expensive than in DC.

Here's the sticking point: our DC condo continues to appreciate in value and will likely go up even more in the coming years thanks to nearby development. But when we look at Baltimore homes, many of them are selling at or lower than what they sold for 4, 6, 8 years ago. That's so different than the DC market that it scares us, and has us reconsidering this plan altogether. It would be one thing if we could at least guarantee our house would hold value, but the idea of selling for a loss in 10 years is scary -- it is not an inconsiderable percent of our overall assets.

So my question is: would we be crazy to leave our small-ish but aggressively appreciating condo in DC for a much bigger and nicer townhouse or SFH in Baltimore, knowing that it might be a bad investment longterm? Has anyone done anything like this? Are there areas of Baltimore that are a hedge against that kind of depreciation?[/quote]

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