Quote:
Originally Posted by 8gv
An additional expense involved in the "sell, rent, buy later" plan is storage of all one's stuff.
Also, if the "buy later" property needs to be financed there is exposure to the inevitable interest rate increases.
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AND cost of refurnishing, potentially, both.
MSW, above, also pointed out the "value of missed time" portion of the equation (which, incidentally, I've appreciated throughout all of his posts). Buying at Arcadia was absolutely a questionable financial decision at the time, but I knew it was my family's chance to live that life before my children got too old. They are now 9 & 11, and I'm forever grateful we took the leap.
Any other variables to selling high with the hopes of getting in low in the future?
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