Quote:
Originally Posted by GratefulCitizen
If it were me, I'd sell, even at a loss.
Rent while the housing market declines.
Buy again when the time is right.
Hypothetical example:
-Sell for $250-$300K
-Rent for 1-4 years
-Buy "retirement home" at $150-200k
It all depends on what you think will happen to housing values where you plant to retire.
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This is the house we plan to retire in. Our market has remained relatively stable during the housing crisis, and I can't see us being able to buy the house back cheaper than what we owe right now.