Originally posted by Scrumhalf
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Beast Needs Some Motivation Guys..
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you moving to cali or what? don't buy right now. the shift from sellers market to buyers market is happening rapidly. the price you'll pay on a house in a year will be significantly lower then it is now. interest rates rising = fewer buyers = sellers have to lower prices.
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Nah, just renting for now. I'm still working in Oregon. Just took a couple of months off. I'll decide next year if i want to spend part time down here, or switch jobs, or retire. I'll probably sell one of my places in Oregon if i buy something here.
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i think the coming months and years will be great as a buyer. but selling your place in Oregon is probably going to sting the longer you wait bro. the smartest guys in the room see the recession coming. i predict you'll end up renting your place out until it makes sense to sell again.Originally posted by Scrumhalf View PostNah, just renting for now. I'm still working in Oregon. Just took a couple of months off. I'll decide next year if i want to spend part time down here, or switch jobs, or retire. I'll probably sell one of my places in Oregon if i buy something here.
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i'm a self declared expert. lol
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I've been renting out my house in Oregon for over 10 years now. It has almost doubled in value while providing a nice income stream. I'll keep doing that for now. If I buy in SoCal, I'll sell the house and roll the gains over as otherwise they are taxable.
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Housing markets are very regional. What is true for SoCal isn't necessarily true for the PNW.Originally posted by Bouncer View Postyea it's doubled in value because we've been in a boom since early 2009! sell at the top brosky! you'll be too old by the time it goes higher after the fall. :D
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Yeah but we have not had a true national recession since 2008. Every region suffered. Some far worse then others obviously.Originally posted by Scrumhalf View PostHousing markets are very regional. What is true for SoCal isn't necessarily true for the PNW.
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