Coming soon - Get a detailed view of why an account is flagged as spam!
view details

This post has been de-listed

It is no longer included in search results and normal feeds (front page, hot posts, subreddit posts, etc). It remains visible only via the author's post history.

10
Sold my house. Should I buy another, or just wait?
Post Body

Bought my house last year, sold it for $150k more than I paid for it, so walked away with about $100k after selling fees. I'm happy with that. But I feel like I would be essentially losing all that money if I buy in again now. The market is definitely softening - I saw that coming and rushed to get my house sold in the right window. There is one house I do like in eastern WA, I made an offer at asking price with normal inspection contingencies, etc that was accepted. Seller had not received any other offers after having the house on the market for 2 weeks.

My reason for moving is that I want to be in the mountains on acreage, and to move from a high tax state (MD) to a low one (WA). I work completely remotely, and have for 7 years now. I can live anywhere I want, there is no chance of me having to live a certain place for work.

Does it make sense to just put my stuff in storage, do monthly Airbnbs wherever I feel like going, and wait for things to die down? It already seems like it's slowing down hard. I wouldn't want to buy if things are still overvalued, which they seem to be. Happened to sit next to a mortgage underwriter local to the eastern WA area on a flight recently, and he advised not to buy anything in that area this year, as a good sized correction is coming next year. Do you guys agree with that sentiment?

Author
Account Strength
80%
Account Age
10 years
Verified Email
No
Verified Flair
No
Total Karma
5,122
Link Karma
727
Comment Karma
4,372
Profile updated: 4 days ago
Posts updated: 4 months ago

Subreddit

Post Details

We try to extract some basic information from the post title. This is not always successful or accurate, please use your best judgement and compare these values to the post title and body for confirmation.
Posted
3 years ago