Reply to Leaving DC for a lower COL area

Forum Index » Real Estate

Reply to "Leaving DC for a lower COL area"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Have you done it?

We are strongly considering it over the course of the next five years.  We have to make it work with careers, of course, but if we can, we'd like to head back to upstate NY to be closer to family and to be in a lower COL area.

[b]We didn't get on the property ladder [/b]when we should have and now are still renting while paying for childcare, saving for college, and saving for retirement.  We simply cannot afford a home in the city that would guarantee good school options through high school.  We hate the thought of long commutes and what that will mean for spending time with our kids.  DC is increasingly expensive and we think we can have a better quality of life elsewhere.  BUT I am sure I am romanticizing, and there are likely plenty of factors I am not considering.  So, have you done it?  Have you left for a lower COL area, and if so, what have been the pros and cons?
[/quote]
What is a property ladder?[/quote]

Not the PP, but I’m guessing that it means constantly trading up houses to keep up with the Joneses and generate fees for RE agents.[/quote]. So a fun term for wasting money on a condo. [/quote]

I mean, not really.  It means buying property early on, gaining equity that you trade up for a larger or otherwise better property, and so on.[/quote] In my family the ones that bought and stated have much more equity in their house and more money saved than the ones who bought and sold and bought and sold up the “ladder”.   I think saving up for what works first seems to work better.  You may have to move because circumstances change and jobs change, but to move for a bigger and bugger house just does not make sense to me.  YMMV. [/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