Quote:
Originally Posted by fotze
If I had no family I would have sold my house 4 months ago and signed a 1.5 year lease in some apartment.
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I'm listing my house Feb. 1st. We bought in '02 so have plenty of equity, but need to relocate for commuting reasons.
I thought of doing just this. I have 3 kids, so obviously we wouldn't be renting an apartment, but there's lots to choose from for house rentals.
Now, this move is intended to be for the long haul, so any further drop in market we'd be willing and able to wait it out.
But, at the same time, if one could sell, rent for 6 months (with the amount of availability out there, I'm sure a 6 month lease could be negotiated) and take advantage of further price drops which seem likely, it seems to me this may be a smart move.
Right now, the pain in the arse of moving twice is the main reason for me not going ahead with this plan.
I'd appreciate any thoughts.