Reply to Should current homeowners wish for home values to decline?

Forum Index » Real Estate

Reply to "Should current homeowners wish for home values to decline?"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous]I sort of do. Our house is overpriced. Even I can see that. We can’t upgrade because the houses we’d consider are going up faster than ours. The percentage may be the same but the dollar gap grows bigger. Also, my kids will never be able to purchase anywhere in the DC region at this rate. Our young adult college grad daughter works full time and can’t even afford rent within an hour commute of Bethesda.  [/quote]

We feel like we upgraded but financially downsized at the same time -- but there was a big tradeoff: location/commute.

We are selling our FCC home (which was 1990's nice, but definitely nothing special, on a postage stamp lot), to move to a gorgeous custom-design home (not designed by us, but by the people we bout it from) on 5 acres on the Occoquan. Paid a little over 700k for the new house, and expect the old one to sell for about 1.2M.

So we are pulling money out and have a nicer home. Commute is going to be hellish, though. But DH is close to retirement, so only a couple more years of the commute for him, and I do not need to commute every day and can do more wfh. So it did make sense. Culturally, it will be a bit different (access to restaurants, etc), but we will adjust. It's worth it. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics