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I own and am considering selling to retire (versus going to work to finish paying off the mortgage), it's kind of crazy real estate wise out here - the amount
by stevenwoo 9y ago
I own and am considering selling to retire (versus going to work to finish paying off the mortgage), it's kind of crazy real estate wise out here - the amount that zillow/redfin reports as positive home appreciation every month feels like more than the last bubble. Maybe the bubble is about to burst, but I don't know how to determine that.
- deleted 9y ago[deleted]
- gozur88 9y agoBubbles always take far longer to burst than you'd think, but when it happens, it happens fast.
- sjg007 9y agoI look at median salary, median home price, median rent and debt levels. Then again Google and Facebook print money...
- nfriedly 9y agoFirst, congratulations! Second, don't try to "time the bubble". Instead think about your goals. What do you actually want, and what is best for you (and your family if applicable). What's going to make your life more meaningful? What would make it a better story if someone were to tell it? If cashing in now and moving someplace cheaper is in line with your goals, then do it! If staying put and finishing off the mortgage is a better match, then so be it. Lastly, financial independence doesn't have to mean not working. I'm still 10-15 years away from that point, but I certainly plan to keep working well after I have enough to retire. I'll just have a bit more flexibility in what I choose to work on.