Real estate poll: When did you last move?
Lots of people are feeling stuck in place nowadays. They can't easily sell their home because they're underwater. Or they're anxious about buying. Or they'd like to rent a bigger place but don't know if their job situation is stable.
This is the pent-up demand -- and, except for the renters, the pent-up supply -- that we all hear so much about.
It got me wondering: How long has it been since you all last moved?
Do you want to move? Or do you happily see yourself where you are now for a while?
It's been nearly 11 years since I last moved, though being in the middle of a renovation project feels pretty similar. Half my possessions are in boxes, and I don't know what's where.
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Comments
We moved in January 2006. We overpaid for our current house, but the person who bought our old house overpaid for it as well. So what we financed is probably the real worth. We're looking to move again in 2-4 years depending if the market comesback, if not it's not like we need to move.
Posted by: Jeff | August 15, 2010 8:00 AM
Havent moved for 3 years but now im getting itchy feet. The problem is try and get a decent price for my current place so I can afford to upgrade!
Posted by: Dave | August 15, 2010 7:58 PM
I last moved at the end of 2004 and honestly have no plans to move again anytime soon. I'm happy in my neighborhood (Hampden) and I know from helping friends moving is a GIANT PIA.
Posted by: Paul | August 16, 2010 12:49 PM
I last moved in Feb 2006, purchased a condo, and ever since then I have lost equity. I would love to move out, but I don't have the funds to cover the deficient equity, and trying to negotiate a short sale when you’re making timely payments, is a waste of time.
With all the so called efforts and loans programs to help homeowners, I seem to be eliminated for one reason or another.
Posted by: Kevin | August 17, 2010 2:52 PM
I would love to move if I could sell my house. Property values have declined so much that I would have to bring a lot of money to closing. Too bad there hasn't been a principle reduction program implemented yet, I think it would help with the foreclosure percentage.
Posted by: Florida Refinance | August 17, 2010 11:24 PM
New homebuyer tax credit!
Posted by: recently moved | August 18, 2010 9:40 AM
The Federal Govt. & Banks should work together to allow short sales or provide principal reductions when the value of property is less than the mortgage balance even though the homeowner is able to pay the current mortgage.
But wait, in the future, will these homeowners then turn over increases in equity in their property to the Federal Govt. & the banks?
Posted by: ted | August 18, 2010 6:13 PM