3 ms·

Moving your family every 2-4 years sounds awful. And unless you are moving to a lower COL area each time, you’re reducing your purchasing power with each move

Moving your family every 2-4 years sounds awful. And unless you are moving to a lower COL area each time, you’re reducing your purchasing power with each move because the prices for all the other houses went up too.

jlokier 5y ago
> Moving your family every 2-4 years sounds awful. It's life for a lot of people. Here in the UK, many renter families have no choice but to do that their whole life, with the added indignity that they don't decide when it's time to move, the landlord decides at short notice (either by unaffordable rent hikes or no-reason evictions (which are often for renovation rhen hikes too)). Sometimes they don't know which area they will be moving to, when that happens, because they will be unable to stay in a familiar area as local rents rise collectively and what they can afford gets progressively worse, until one day they can't find anywhere local at all within the notice period. So sometimes the children have to move schools as well at short notice. I think stability is the main reason first time buyers want to buy in the UK, and that option is closed to many. By now, we have an increasing number of people approaching retirement who are still involuntarily renting, and it's the leading edge of a very large demographic wave of people in that position. I worry about those because rents are getting to be higher than their entire pension will be, and government housing support is insufficient to make up the difference.
ARandomerDude 5y ago
> Moving your family every 2-4 years sounds awful. It certainly could be. We homeschool, the kids enjoy the adventure, and I've taught them how to make money along the way. > And unless you are moving to a lower COL... The trick is to be selective in the houses you buy and use some of the money to buy a nicer house next time. We look for up-and-coming parts of our local area that haven't been fully discovered, then sell when the frenzy hits the area.
- hackeraccount 5y ago
  Ah yes ... my family follows the exact opposite strategy of yours- we sit on a house for 10 to 15 years make sure to buy on the upswing and then sell when the market is down. Sigh. We just bought a new house... hopefully you haven't.

jlokier 5y ago

> Moving your family every 2-4 years sounds awful. It's life for a lot of people. Here in the UK, many renter families have no choice but to do that their whole life, with the added indignity that they don't decide when it's time to move, the landlord decides at short notice (either by unaffordable rent hikes or no-reason evictions (which are often for renovation rhen hikes too)). Sometimes they don't know which area they will be moving to, when that happens, because they will be unable to stay in a familiar area as local rents rise collectively and what they can afford gets progressively worse, until one day they can't find anywhere local at all within the notice period. So sometimes the children have to move schools as well at short notice. I think stability is the main reason first time buyers want to buy in the UK, and that option is closed to many. By now, we have an increasing number of people approaching retirement who are still involuntarily renting, and it's the leading edge of a very large demographic wave of people in that position. I worry about those because rents are getting to be higher than their entire pension will be, and government housing support is insufficient to make up the difference.

ARandomerDude 5y ago

> Moving your family every 2-4 years sounds awful. It certainly could be. We homeschool, the kids enjoy the adventure, and I've taught them how to make money along the way. > And unless you are moving to a lower COL... The trick is to be selective in the houses you buy and use some of the money to buy a nicer house next time. We look for up-and-coming parts of our local area that haven't been fully discovered, then sell when the frenzy hits the area.

hackeraccount 5y ago
Ah yes ... my family follows the exact opposite strategy of yours- we sit on a house for 10 to 15 years make sure to buy on the upswing and then sell when the market is down. Sigh. We just bought a new house... hopefully you haven't.