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Real Estate
Reply to "Have you/would you buy a house with the intention of scraping and rebuilding, but not immediately?"
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[quote=Anonymous]We are planning on doing this. But we actually found a home that is not at all crummy, in an awesome neighborhood with great schools and still at a price point that would allow us to save a lot and rebuild in a couple years. Not sure if we'll get the house (we put an offer down today), but we thought about it a lot and ran some numbers, and for us, it makes sense for a lot of reasons. I wouldn't live in a really crummy home with this plan - mainly because I fear if something goes wrong I'd either be stuck in a house I didn't feel like I could live in (bummer) or sell at a loss and be worse off than if I had pursued another plan (also a bummer). I think it really depends on the situation and your tolerance for compromise in terms of your living conditions, but no, I do not think you are crazy.[/quote]
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