So, I posted those picture of houses out in the boondocks a while back.
It got me thinking. (Bad idea.)
Looking at what things are selling for here, ($225K) and what they’re selling for out there ($150K and lower), if I were to dump this place and move farther out, I’d have…
Pro - A house with a yard
Pro - A chunk of cash in the bank.
Pro - A mortgage payment that was the same or lower
Con - Higher gasoline costs and longer commute
Pro - Positive change in cashflow - enough to make a difference
If interest rates start going back up, I’m afraid the bottom is going to fall out of this real estate market up here.
I think this is going to deserve additional serious consideration.
