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Reply to "What is your house worth"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Wow! We DO live poor. Jealous of y'all.. 58/52 Net worth - About $6M (outside of house) House - Bought for $450K in early 2000s; worth $800K. $300K mortgage. Vienna zip code. HHI - $250K Kids in college. Question for DCUM: Should we sell our house and upgrade? [/quote] I wouldn’t upgrade now with kids out of the house. I’d become a snowbird and buy a second home, personally. [/quote] And/or wait for interest rates to come down and downsize the home and consider a 2nd home elsewhere. [/quote] For those of you with second homes at a warmer locale.. is it a SFH, townhouse or apartment? How much time do you spend at the second location? Who manages it when you are not there? How do you deal with issues that inevitably pop up? All things considered, is it more of a headache or a value add (non financial)?[/quote]
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