Realtor Tells Me Not To Sell

[SD Realtor]

As you said the real question is simply the projection of how far down you think the market will go. The secondary question is if you are going to sell then are you okay with being a nomad for a few years. If you believe that the local area where you want to live is going to run downhill another 20% or more then logic would dictate BASED ONLY ON FINANCIAL NUMBERS that you should sell.

Realize that when you do want to buy again you may indeed find a different financing market with more stringent policies then you incurred in 2003. Also you will definitely need to be employed, etc… A strong inflationary environment will not necessarly be good for housing prices. Don’t confuse true appreciation with inflation. The nominal means to combat inflation is to tighten the money supply which includes raising interest rates which will depress housing prices.

I believe a safe assumption is that when we do hit bottom there is no way in heck you will see a “fast” runup in pricing again. Just my opinion.

[DWCAP]

I see two things.
1) you like where you are and dont really want to move but are worried about your job.
2) youd move if it ment being able to buy again in the future for considerably less.

Id say stay where you are, but that is just me. If you are worried about stability, cut costs and save like mad. Accoding to your own admission, things really wont get bad for another year. Gov is terrible at cutting people ahead of the problem, so you should have a job for then next 12-18 months no prob. Hopefully by then, you will have saved 12+months of cash on hand. That means you could be ok for the next 2+ years. Hopefully you are not so nich that you couldnt find a job in a year of looking.

As for #2, The only really good reason to buy now is the emotional/family reasons we gloss over here at the pig. Conversly that is also the only really good reason to sell right now if you dont have to. If you hated your neighbors, were about to enroll a kid at a terrible school, just got fired, or etc etc, then you should sell. But if you like where you are, can afford it, and are happy, is it really worth it?

*(BTW, I have never owned a house, so my advice is just randomness from someone you have never met. Treat it as such. It is very likely that you could buy something similar in the future for less, so the choice is yours)

[DWCAP]

I see two things.
1) you like where you are and dont really want to move but are worried about your job.
2) youd move if it ment being able to buy again in the future for considerably less.

Id say stay where you are, but that is just me. If you are worried about stability, cut costs and save like mad. Accoding to your own admission, things really wont get bad for another year. Gov is terrible at cutting people ahead of the problem, so you should have a job for then next 12-18 months no prob. Hopefully by then, you will have saved 12+months of cash on hand. That means you could be ok for the next 2+ years. Hopefully you are not so nich that you couldnt find a job in a year of looking.

As for #2, The only really good reason to buy now is the emotional/family reasons we gloss over here at the pig. Conversly that is also the only really good reason to sell right now if you dont have to. If you hated your neighbors, were about to enroll a kid at a terrible school, just got fired, or etc etc, then you should sell. But if you like where you are, can afford it, and are happy, is it really worth it?

*(BTW, I have never owned a house, so my advice is just randomness from someone you have never met. Treat it as such. It is very likely that you could buy something similar in the future for less, so the choice is yours)

[DWCAP]

I see two things.
1) you like where you are and dont really want to move but are worried about your job.
2) youd move if it ment being able to buy again in the future for considerably less.

Id say stay where you are, but that is just me. If you are worried about stability, cut costs and save like mad. Accoding to your own admission, things really wont get bad for another year. Gov is terrible at cutting people ahead of the problem, so you should have a job for then next 12-18 months no prob. Hopefully by then, you will have saved 12+months of cash on hand. That means you could be ok for the next 2+ years. Hopefully you are not so nich that you couldnt find a job in a year of looking.

As for #2, The only really good reason to buy now is the emotional/family reasons we gloss over here at the pig. Conversly that is also the only really good reason to sell right now if you dont have to. If you hated your neighbors, were about to enroll a kid at a terrible school, just got fired, or etc etc, then you should sell. But if you like where you are, can afford it, and are happy, is it really worth it?

*(BTW, I have never owned a house, so my advice is just randomness from someone you have never met. Treat it as such. It is very likely that you could buy something similar in the future for less, so the choice is yours)

[DWCAP]

I see two things.
1) you like where you are and dont really want to move but are worried about your job.
2) youd move if it ment being able to buy again in the future for considerably less.

Id say stay where you are, but that is just me. If you are worried about stability, cut costs and save like mad. Accoding to your own admission, things really wont get bad for another year. Gov is terrible at cutting people ahead of the problem, so you should have a job for then next 12-18 months no prob. Hopefully by then, you will have saved 12+months of cash on hand. That means you could be ok for the next 2+ years. Hopefully you are not so nich that you couldnt find a job in a year of looking.

As for #2, The only really good reason to buy now is the emotional/family reasons we gloss over here at the pig. Conversly that is also the only really good reason to sell right now if you dont have to. If you hated your neighbors, were about to enroll a kid at a terrible school, just got fired, or etc etc, then you should sell. But if you like where you are, can afford it, and are happy, is it really worth it?

*(BTW, I have never owned a house, so my advice is just randomness from someone you have never met. Treat it as such. It is very likely that you could buy something similar in the future for less, so the choice is yours)

[DWCAP]

I see two things.
1) you like where you are and dont really want to move but are worried about your job.
2) youd move if it ment being able to buy again in the future for considerably less.

Id say stay where you are, but that is just me. If you are worried about stability, cut costs and save like mad. Accoding to your own admission, things really wont get bad for another year. Gov is terrible at cutting people ahead of the problem, so you should have a job for then next 12-18 months no prob. Hopefully by then, you will have saved 12+months of cash on hand. That means you could be ok for the next 2+ years. Hopefully you are not so nich that you couldnt find a job in a year of looking.

As for #2, The only really good reason to buy now is the emotional/family reasons we gloss over here at the pig. Conversly that is also the only really good reason to sell right now if you dont have to. If you hated your neighbors, were about to enroll a kid at a terrible school, just got fired, or etc etc, then you should sell. But if you like where you are, can afford it, and are happy, is it really worth it?

*(BTW, I have never owned a house, so my advice is just randomness from someone you have never met. Treat it as such. It is very likely that you could buy something similar in the future for less, so the choice is yours)

[LostCat]

Good discussion. I am sure there are a lot of people on the fence like me. I’ve somewhat thought about some of the very same issues, but like a lot of things, there is an emotional bond to where you live. Like how am I ever going to replace Don the nieghbor. He’s a retired guy, living solo because his wife passed away a couple of years ago. He keeps an eye on the hood while everyone is at work.

Looks like I’ll stick it out. When I get laid off, I’ll worry about it then. I’ve only worked in the public sector for about 4-years. I can jump back in to consulting, which will mean I’ll be on the road a lot. then when and if things turn around in a few years, jump back in to a so called stable govt job and I’ll still have my home.

Worse case scenorio, I walk. It’s only a house. As long as I have food and medical ins for my kids, I am fine.

[LostCat]

Good discussion. I am sure there are a lot of people on the fence like me. I’ve somewhat thought about some of the very same issues, but like a lot of things, there is an emotional bond to where you live. Like how am I ever going to replace Don the nieghbor. He’s a retired guy, living solo because his wife passed away a couple of years ago. He keeps an eye on the hood while everyone is at work.

Looks like I’ll stick it out. When I get laid off, I’ll worry about it then. I’ve only worked in the public sector for about 4-years. I can jump back in to consulting, which will mean I’ll be on the road a lot. then when and if things turn around in a few years, jump back in to a so called stable govt job and I’ll still have my home.

Worse case scenorio, I walk. It’s only a house. As long as I have food and medical ins for my kids, I am fine.

[LostCat]

Good discussion. I am sure there are a lot of people on the fence like me. I’ve somewhat thought about some of the very same issues, but like a lot of things, there is an emotional bond to where you live. Like how am I ever going to replace Don the nieghbor. He’s a retired guy, living solo because his wife passed away a couple of years ago. He keeps an eye on the hood while everyone is at work.

Looks like I’ll stick it out. When I get laid off, I’ll worry about it then. I’ve only worked in the public sector for about 4-years. I can jump back in to consulting, which will mean I’ll be on the road a lot. then when and if things turn around in a few years, jump back in to a so called stable govt job and I’ll still have my home.

Worse case scenorio, I walk. It’s only a house. As long as I have food and medical ins for my kids, I am fine.

[LostCat]

Good discussion. I am sure there are a lot of people on the fence like me. I’ve somewhat thought about some of the very same issues, but like a lot of things, there is an emotional bond to where you live. Like how am I ever going to replace Don the nieghbor. He’s a retired guy, living solo because his wife passed away a couple of years ago. He keeps an eye on the hood while everyone is at work.

Looks like I’ll stick it out. When I get laid off, I’ll worry about it then. I’ve only worked in the public sector for about 4-years. I can jump back in to consulting, which will mean I’ll be on the road a lot. then when and if things turn around in a few years, jump back in to a so called stable govt job and I’ll still have my home.

Worse case scenorio, I walk. It’s only a house. As long as I have food and medical ins for my kids, I am fine.

[LostCat]

Good discussion. I am sure there are a lot of people on the fence like me. I’ve somewhat thought about some of the very same issues, but like a lot of things, there is an emotional bond to where you live. Like how am I ever going to replace Don the nieghbor. He’s a retired guy, living solo because his wife passed away a couple of years ago. He keeps an eye on the hood while everyone is at work.

Looks like I’ll stick it out. When I get laid off, I’ll worry about it then. I’ve only worked in the public sector for about 4-years. I can jump back in to consulting, which will mean I’ll be on the road a lot. then when and if things turn around in a few years, jump back in to a so called stable govt job and I’ll still have my home.

Worse case scenorio, I walk. It’s only a house. As long as I have food and medical ins for my kids, I am fine.

[jimklinge]

If you’re married with kids, stay.

If you’re single, sell.

It’s easier to move around, and you don’t have to worry about your spouse second-guessing you.

[jimklinge]

If you’re married with kids, stay.

If you’re single, sell.

It’s easier to move around, and you don’t have to worry about your spouse second-guessing you.

[jimklinge]

If you’re married with kids, stay.

If you’re single, sell.

It’s easier to move around, and you don’t have to worry about your spouse second-guessing you.

[jimklinge]

If you’re married with kids, stay.

If you’re single, sell.

It’s easier to move around, and you don’t have to worry about your spouse second-guessing you.

[Author]

Posts