Quote:
Originally Posted by CRCRFT78
I'm 35 so I feel like I have some time. Also the fact that I could possibly cut my payment by almost 50% and own instead of renting is a big factor. That 50% can be divided towards other things including more than what goes into my investment accounts already. I'm aware that starting over will hurt my total balance in the long-run but the thought of renting long-term just doesn't sit well with me.
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35...Then IMO, I would do it..
Rates will never be lower and renting will give you nothing in return..
Sure being in California we get punished for being Home Owners, but in the long run, for me, it is one leg of my table of Financial Security..
Also you are selling at a High because I think we may get a correction in 2013..Nothing drastic, but we could lose 10% in a correction in the Stock Market..Temporarily..
NOT being an advisor, this is strictly opinion..
Also prices are on the rise with Homes , so better now than later.