Unfortunately, we will be losing $10,000, not $2500. I agree with your logic but from what I have investigated, the only area upcoming, without highways too close, and with view lots, will be in Richmond, but that will not be opening for another 6 months to a year. By that time, I will have already lost the money. I would hate to waste so much money renting for a year.
Quote:
Originally Posted by CoachKandSportsguy
The current conundrum is that lots and houses are going fast and low on resale inventory as the boomers retire, and are looking for a lower tax base and better retirement weather. Do you have to move and can wait for a better resale in a year from now? There is a huge case of popular TV FOMO (fear of missing out) right now, and this is what is driving the current buying craze. . If I were you, I would continue to sell your home as its a great time to sell, and rent a villa, condo, whatever you can fit into , in TV, and continue your search down here. . . and be ready to pounce, ie close in one day, (hyperbole to the literals) when you find the perfect lot. . . there is more time available than you realize without getting caught up in FOMO, and you will get a better deal for your dreams than rushing it right now. . . and write the $2,500 off on your taxes as an investment loss. . .
finance guy
|