Ooo! Those are good alternatives. I’ll give em a read through. It might solve something on my end.
Say I want to move cities for a new job. There are at least two uncertainties I need to resolve -
- will this job work out for the long term?
- will I like this city at all (or know where to buy)?
This prevents me from wanting to buy immediately.
What prevents me from selling immediately is losing a stable footing I can plan around if the new city doesn’t work out. More broadly for everyone in this situation though is the cash sits.
I will need to buy immediately or park it in some investment that keeps pace/liquid enough to convert back to a house, which requires additional knowledge/research.
So to be risk averse, sitting on the house is generally a safe default…
But thank you for starting me on considering this as an options and what parameters need to be met to make sense.
Wealth tax can treat early infections if used aggressively enough.
You’ll need surgery to treat the current condition.