Talk of The Villages Florida - View Single Post - Pity-Party ?
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Old 05-22-2008, 06:53 PM
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Default Re: Pity-Party ?

The market will eventually come up to meet your sale price and your home will sell. However the home you want to buy will also move up by a like amount. So your net in pocket additional money will probably be zero. It is always very hard to sell something for less than you paid. Especially something you have invested time and your personality in. That's why people hold on to losing stocks. And that's OK if there is nothing better to buy. Just always consider relative value. A home is not really an investment unless your buying it to rent or flip. If your living in it, it's a home. And selling one to buy another, relative value really does come into play. So take a hard look at the pro's and con's of selling and buying now vs doing it a year or two from now. Have you gained other things by staying where you are and waiting? Or would it be better to be starting your new life sooner? It's not a $$$ decision, it's a what do I want out of life decision. The $$$ you end up with will be very likely the same now or two years from now.

I wish you every success in doing what is right and best for you. And maybe we will meet in LSL some day.
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