patrick.net

Hi. Thanks. I have heard this.
What about the idea that even if housing sucks even worse in the future, it will probably also suck even worse elsewhere, so overall, not a net loss? does that make sense?
Of course, I'd need to able to actually sell it for that to happen.

The best car is the one already paid off. The same goes to home too.

As for DC market, I'd probabaly say stay still because I don't see the big change comming. People in rich area of DC metro have shit load of money to float things up as if there's no recession ever happened, and the home price in not so rich area has already crashed hard. So, what dramatic change is gonna happen? I think some area inside the beltway may see price correction in few years, but it won't be so drastic to be called a crash. Those area already got slashed may see price recovery in few years. Your home is already paid off and you still got a plenty of time till the relocation. Better figure out where you want to go first. I don't see no reason for you to hurry up.

Unless you want to be an absentee landlord, sell it.

Where in the DC area?

Realtors Are Liars says

Get what you can get for your house today because it's going to be much much less tomorrow for many many years to come". Gene Oxlade, Fortress Wealth Management

Except in places like DC where there is always wealth (taken from others by force) to be had regardless of the economy.

zzyzzx says

Where in the DC area?

Prince William.

Sell now and rent. The people that had to save, and are saving, for their retirement; getting 2% on their money, just might get a little frustrated at those getting a windfall retirement.
Lots of grandmothers are burning through their principle pretty fast these days.

Your house is safe for the foreseeable future.
As long as people know that if they get to Washington as a Politician or a Lobbyist and there is just oodles and oodles of money to be made from unpunished fraud and improprieties, then that market will continue to only go up.
I would only look to sell if the nation really pushes for major reforms in Washington, and redefine what is legal and what is not in their day to day operations.

TPB says

Your house is safe for the foreseeable future.
As long as people know that if they get to Washington as a Politician or a Lobbyist and there is just oodles and oodles of money to be made from unpunished fraud and improprieties, then that market will continue to only go up.
I would only look to sell if the nation really pushes for major reforms in Washington, and redefine what is legal and what is not in their day to day operations.

Couldn't have said it better myself.

well consider things such as. if you sell now your gonna have to pay rent to stay in the area. yes housing prices may(will) fall more but probably where you move to also. so that may be a wash.
if your thinking of renting your place out. i would start to see what it would rent for, and can you keep someone in it. also if there is a good mgnt co who will watch it for you. start churning numbers.
you could also sell then move to say maine or wv where living is cheap..(take a vacation or drive and see what you think)
that about all i can think of right now. i hope this helps.

Thanks all.
Confirmation of some of our thoughts.
The area is very stable. Maybe we will just sit tight.
If there's any discussion of actual government cuts, though, it may be too late...you takes your chances

RAL,

Why the name change? I liked the old one better.