The best you can do is to have a plan and discuss with close family and friends. If you are already established with prepper basics you are already one step ahead of most people.
My parents are thinking of selling their house while homes are at a high. Do you think I should tell them to wait? What if their cash becomes worthless...
Selling a home when you are close to retirement or already in retirement is best done if another residence is secured. If another lower cost residence is not secured it is probably better to stay in current home.
Home prices right now are sky high so they can pull the trigger now if they want.
The key take away is what do you do with that money that matters. Most often people sell their homes because they need the money or they do not want to put up with the upkeep to maintain a home.
If they are debt free and their home is paid off I see no reason why they should consider selling their home IMO. Unless property taxes are a big concern to them.
They are debt free and don’t need the money. They have plenty of retirement in IRAs. I’m just worried cash will become worthless when shit hits the fan. They don’t want to buy a new house, since houses are so expensive right now. They want sell their house while prices are high and then move to Florida and rent.
The best you can do is to have a plan and discuss with close family and friends. If you are already established with prepper basics you are already one step ahead of most people.
My parents are thinking of selling their house while homes are at a high. Do you think I should tell them to wait? What if their cash becomes worthless...
Selling a home when you are close to retirement or already in retirement is best done if another residence is secured. If another lower cost residence is not secured it is probably better to stay in current home.
Home prices right now are sky high so they can pull the trigger now if they want.
The key take away is what do you do with that money that matters. Most often people sell their homes because they need the money or they do not want to put up with the upkeep to maintain a home.
If they are debt free and their home is paid off I see no reason why they should consider selling their home IMO. Unless property taxes are a big concern to them.
They are debt free and don’t need the money. They have plenty of retirement in IRAs. I’m just worried cash will become worthless when shit hits the fan. They don’t want to buy a new house, since houses are so expensive right now. They want sell their house while prices are high and then move to Florida and rent.