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Reply to "Sell the house, or rent it?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We moved away and sold our house at what we thought was the top of the market. Moved back after a few years, and regretted having sold our home. It was in Chevy Chase Md and we weren't able to afford that location when we moved back. If you're thinking there's a 50% change you'll move back, my bet is that you're definitely coming back. There's a lot we missed when we were away. Ya don't miss it til it's gone. [/quote] This is my worry. If we sell then move back, we would not be able to afford a similar house (in the current market). - OP [/quote] I'm the PP above who held onto the home and now regrets not selling sooner. However, in your situation I think it would make sense to rent out for a year or two until you have a better sense of whether you plan to return, with the knowledge that you are taking on some property management hassle and potentially leaving money on the table (in home equity instead of the markets) in exchange for the optionality. If you return, would you be happy returning to the same home? In our situation, we now also realize that we would probably prefer something different even if we ever moved back to the area as our needs have changed with hybrid work, additional kids, updated financial situation, etc. [/quote]
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