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A Man of Wealth and Taste
Join Date: Dec 2002
Location: Out there somewhere beyond the doors of perception
Posts: 51,063
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84 forgot to factor in the Mortgage your paying on....So mort. payment, insurance, property taxes vs rent.
No easy choichs....I am in a sell now or sell later position.
You have upside risk if you sell and downside if you stay. U can hedge your risk by downsizing into something smaller. RE pricing is really all an illusion, it goes up it goes down. Remember if you stay and it goes down everybodys RE is going to go down as well...so what have you really lost.
I am much more concerned with buying power than price.
I guess the best advice is to downsize by buying something smaller...yet comfortable.
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"Some Observer"
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