3 ms·
sure. i bought 10 years ago. i would say the value of my house has climbed 262%. if i sold my house today and found a place to rent for the same housing cost
by iamjdg 11y ago
sure. i bought 10 years ago. i would say the value of my house has climbed 262%.
if i sold my house today and found a place to rent for the same housing costs, we would only have to work 4.5 years before "retiring" (work by choice, earn enough interest to cover expenses) compared to the 10 to 13.5 years I mentioned above.
but i don't want to sell right now to "retire" earlier. my kids are still young and in school and we love our place. We can walk and bike almost everywhere. My current job is still interesting. If things change (jobs, health, etc.) then maybe I would sell and move.
- mistermann 11y agoWow, good for you, and you seem pretty grounded about it. My prediction is you'll find holding turns out to be a wise financial move as well, I think another doubling of housing (houses, not condos) prices will happen, within 10 years if not much sooner.
- iamjdg 11y agothanks, but really just timing, i am not any smarter than the next person. financial i do hope my equity continues to rise, but i do worry about the negative effects on our neighborhoods and society.