Quote:
Originally Posted by fflmaster
Say, we decide to move to a new location in 10 years. I don’t want to loose 200k in value.
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The future is uncertain, very uncertain. There is no way to guarantee yourself that you won't lose value.
Instead of worrying about value,
which is subjective and mostly beyond your control, why don't you start with some wants and needs for your forever home.
Follow Charlie Munger's advice, "Its better to buy a great house at a fair price, than a crappy house at a bargain price."
You can control your next move, you can't control the market value, the economy, the fed, interest rates, and other buyers.
Start with your budget, and your financial model for the next 20 years, assets to income, SS, pension, etc, and then cost of living, taxes, cars, vacations, food, etc. . what you can afford today might not be able to be afforded in 10-20 years. . hence you might have to sell at an inconvenient time.
Then start with the house design, which model, and your location within the villages, near entertainment, near courses. . . near grocery stores, near walking paths, near highway for quick on /off highway for traveling?
Then once you know what you want, start looking. . . the difficulty about the villages is so many choices, so you have to narrow down, exclude what you don't want, and that makes the choices much easier. Also, there may be alot of competition for your desires, so you also have to be actively searching and ready to buy nearly instantly if your perfect home comes up to buy. . .
So instead of worrying about changing house prices in the future,
try the desirable selection process first. . you might be surprised
reminds me of an admin who once worked sat our company: "My goal is to marry a CFO"
kind of a backwards approach. .