Quote:
Originally Posted by merrymini
No one here can answer your question. You have to be honest with yourself and do the numbers. People who brag about constant moves and making a fortune probably do not do the proper math taking into account sales costs, moving fees, etc. There may be many reasons for selling a house, hopefully you can find something that works for you and age in place. I have found that one thing realtors say is always true, location, location, location. You can change the house but not where it is.
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You really think people buy/sell to loose money? If one has never bought/sold house, more than one house, there is definitely lack of expertise.
I give residents credit where it’s due. We have many residents that retired from finance, education, Tax accountants, Attorneys and Physicians. Our parents with their own business could calculate profit/loss.
My grandparents knew how to calculate end profit, with little education, but wealth of knowledge running large dairy farms.
Residents today are savvy investors, if not better than those who first bought in the 70’s.