No shame in having that mcmansion, we had a great time in ours with lots of family parties and you can’t beat owning a home if you bought at a great time. We’d bought our place in 2004 for 555K so we had a bear of a property tax bill especially when you tacked on “special assessments” and little things within the house were nickle and diming us to death so we got out, thanks to this site filling us in on the coming market conditions.
We thought we might rent for year then buy again but during this year we’ve learned we love our freedom. We took a road trip across the US w/ our dogs over Christmas that was a once in a lifetime event and not too long ago we got to go to the U.K. There is no more stress about paying the property tax bill or the homeowners insurance and no more worries about losing the 25% we’d put down on the house back in 2004, instead it’s earning money for us now in a CD.
I’m just so tired of “renter” having a stigma attached to it as if we’re all “unstable” and our kids don’t have roots.
You enjoy that mcmansion till you don’t need it any more. By the time you want to sell it you’ll still have plenty of equity because you got in at a good time unlike people who are just hell bent on buying this year.
