Buying a house-question about election turmoil

Don't forget to check for aluminum wiring, termite damage, toilets flush, showers and sinks work.

Check out your neighbors. Just look for who you will be living next to.

Drive around and see if there is a yard or wood fence you could cut through in case of a fire or zombie attack. Don't forget your own yard.

If you want to back out, you could probably cobble up a excuse about the covid.

Whatever is going to happen in the way of turmoil is going to happen whether you close on the new house or not.

I hope you have a renter lined up.

I'd sell the existing home, instead of renting it. (immediately after you move out of it)

Fuck yeah, prices are only going down from here.

Were I in your position, I'd go ahead and sell your current house. The exodus out of major cities (and certain states, such as California) has definitely begun, but right now the market is still on your side.

I don't think 2021 is going to be so hellish as many are predicting, once we get past January and early February. It's not going to be great, and there's no going back to the old normal, but we all might get a little bit of much-needed breathing room here and there. It's 2022 when things are going to go south in a big way, and I don't see things getting better for a long time to come.

Minimizing debt is part of the reason for my recommendation, but I also wouldn't want to be a small landlord carrying two mortgages who is dependent upon reliable rent payments for my financial well-being. I'd think differently if your current house was paid for, but carrying two large mortgages in the coming years is going to be immensely stressful at best, and could be financially ruinous.

As for your new home, if it's out of the way, and a residential area that doesn't have anything important to target, I wouldn't worry about terrorism; terrorist groups don't have the resources to go after insignificant targets. You might experience increased lawlessness, depending upon where exactly you are and how demoralized and short-handed local law enforcement is. But I would get to know the neighbors, and figure out which of them might share your concerns about safety. You may find people who have already given thought to the scenarios that concern you, and what to do in those events.

Normally I'd agree except I inherited the original property so I have a very low tax basis.

Thank you to everyone.

We decided to pass on the property.

Things came up in inspection coupled with some very very strong feelings I would have been going against my internal compass to move forward.

Something else will be on the horizon.

Last Edited by chrion777 on 01/04/2021 04:33 PM