Quote:
Originally posted by motion
I think I'm leaning towards unloading.... LOL, Dork, I don't consider it "day-trading". I like to think of it more as "I'd rather have a couple hundred thousand more in the bank for my retirement". Buying something smaller is really not an option. 2 bdr condos are selling for $480k here... they'll be the first to slide 50% when the market collapses, so I'm right back where I started. Renting something for 1800 a month and minimal utilities, no landscapers, pool maintenance, property taxes, etc sounds like the way to go for a year.
I'll be moving to Montana in a year and will have very strong purchasing power, relative to Cali.
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so what if you sell and the price keeps going up. it's a gamble. however, if you've made a substantial profit and want to cash out, you may be better "sitting in the sidelines" for a couple years with hundreds of thousands of dollars in the bank waiting for the market to "cool off". i dont live in Cali, you have a better pulse on the market by being there, just go with gut
feeling. good luck