Quote:
Originally posted by Hugh R
I think if you sell a house in Cali and leave, you'll never be able to come back. The equity in my house represents about 1/2 my "net worth". I'm not in real estate, but I've been told that housing in Cali runs about a 14 year cycle, meaning in seven years it will drop down some and then rebound in another 7. 14 years is about when I'll "retire" (I hope, to at least not have to work to live, but I hope I'll be able to choose to work if I want to.
|
That's really dependant on where you move to. Tabs in LV has probably out gained most of us, and I've seen area's in D.C. VA and MD that are also doing really really well - though I would warn Tabs (and have) about long term investing in LV. Now if you moved to SLC or Denver...