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| 04:51 PM | ||
| Users Online Now: 2,516 (Who's On?) | Visitors Today: 1,436,568 | |
| Pageviews Today: 2,074,197 | Threads Today: 575 | Posts Today: 11,221 |
| 04:51 PM | ||
Rent or Sell?? Markets crashed what would you do? | |
| Anonymous Coward (OP) User ID: 55780733  United States05/25/2019 12:39 PM Report Abusive Post Report Copyright Violation | ... Quoting: Anonymous Coward 55780733 Yes quite high! I also intend to retire soon. The house is to big for me. How much are you relying on the sale of your house to fund a portion of your retirement? Ive worked hard my whole life so im not poor. Its really my kids im thinking about. Ah, I can definitionally understand that. I agree with a lot of the other opinions here, real estate is in a bubble that doesn't have much time left. The median house price is still increasing but sales are starting to collapse, people are still asking too much for their houses while buyers are drying up. Like the coyote that ran over the cliff not realizing there is no ground underneath. If you could, I would reduce the price and rent for a while to see what happens over the next 12-18 months. They may be able to hold this together until after the elections, but things are getting interesting fast. good luck to you Many thanks and God bless!  |
| Anonymous Coward (OP) User ID: 55780733 United States05/25/2019 12:46 PM Report Abusive Post Report Copyright Violation | Lower the price, jump ship, and be free. Renting your house out would not be fun and further investing and renovating a property you want out of does not make sense. Quoting: Anonymous Coward 76582680 Most of the realtors are suggesting I do quite a bit of renovating in order to sell, esp upgrading the kitchen and bathrooms, but I tend to agree with you. |
| Anonymous Coward User ID: 71594995 United States05/25/2019 12:47 PM Report Abusive Post Report Copyright Violation | ... Quoting: Anonymous Coward 71594995 How much are you relying on the sale of your house to fund a portion of your retirement? Ive worked hard my whole life so im not poor. Its really my kids im thinking about. Ah, I can definitionally understand that. I agree with a lot of the other opinions here, real estate is in a bubble that doesn't have much time left. The median house price is still increasing but sales are starting to collapse, people are still asking too much for their houses while buyers are drying up. Like the coyote that ran over the cliff not realizing there is no ground underneath. If you could, I would reduce the price and rent for a while to see what happens over the next 12-18 months. They may be able to hold this together until after the elections, but things are getting interesting fast. good luck to you Many thanks and God bless! Don't thank me brother, most of the mods here tell me I am wrong, constantly. It just seems that viewing a house as an investment is going to bring a lot of pain. If you can reduce price and sell now, it would probably save a lot of pain and stress. Then rent until the economic tornado passes and people start going through the wreckage. I bought a small house in 2000 and mortgage+ins+taxes are about 1/4 of what I could buy it for today about about 1/3 of what I could rent 1/2 the space for. I haven't really done any improvements that needed a permit or inspection for because I don't want any appreciation at all. It will just screw you in the end. But then again, there have been a lot of people that have made a lot of money over the last 8 years so I probably lost out. Peace of mind should be worth something though. |
3643297  User ID: 76832232 United States05/25/2019 12:52 PM Report Abusive Post Report Copyright Violation | Many Thanks! I have the time. A lot of fear going around about the housing bubble and its just going to get worse.. Having it viewed twice a week for this long is really depressing. I appreciate the feedback! Everyone always thinks their house is worth more than it is. It will sell when you adjust the price to what the market is willing to pay. Yes, people get a bit put off by the old style of the bathrooms, (that 80's peach) everyone wants these ugly sterile grey bathrooms. The location is gold, its more the old style of the place, (which I actually really like!) So the realtors are suggesting a pay a small fortune to renovate if I want to sell it for the price I am asking :( Maybe rent it out on Airbnb. Check into that.. |
| Anonymous Coward User ID: 10485453 United States05/25/2019 01:03 PM Report Abusive Post Report Copyright Violation | |
