I really want to sell my house now, when the prices are high, then wait for the crash and buy another one at the bottom of the market but I don't want to have to pay capital gains on the equity if I don't find another place within a year.
The other issue is what to do with all my stuff while I wait for the market to crash?
My best friend sold and bought a big beautiful home in a free state. Every single person in his life told him not to do it and that "he will regret it" etc... Now he's settled and enjoying a way better life. I've tried hard with my parents in CA to consider getting out of the housing market. People just can't make those huge decisions until the herd is also doing it.
In CA we currently have homes that are $900k for 3 bed 1 bath in neighborhoods that have considerably got worse and worse over time. Its just a fact. The hedgies like Black Rock are buying up all the properties which puzzles me a bit. I know they want to kill the middle class and make homes unaffordable aka rent your whole life. But I can't understand why they'd do that if they knew the home market was going to collapse. Maybe their money is safer being parked in land and they know it will eventually go back up? At the same time they can charge ridiculous rent.
I am going to be moving in the next year or so.
I really want to sell my house now, when the prices are high, then wait for the crash and buy another one at the bottom of the market but I don't want to have to pay capital gains on the equity if I don't find another place within a year.
The other issue is what to do with all my stuff while I wait for the market to crash?
My best friend sold and bought a big beautiful home in a free state. Every single person in his life told him not to do it and that "he will regret it" etc... Now he's settled and enjoying a way better life. I've tried hard with my parents in CA to consider getting out of the housing market. People just can't make those huge decisions until the herd is also doing it.
In CA we currently have homes that are $900k for 3 bed 1 bath in neighborhoods that have considerably got worse and worse over time. Its just a fact. The hedgies like Black Rock are buying up all the properties which puzzles me a bit. I know they want to kill the middle class and make homes unaffordable aka rent your whole life. But I can't understand why they'd do that if they knew the home market was going to collapse. Maybe their money is safer being parked in land and they know it will eventually go back up? At the same time they can charge ridiculous rent.
they can charge ridiculous rent. or offer it up as part of the compliance package.