Quote:
Originally Posted by mr moto
bored,bored,bored ! i have spent years dreaming about going off on my big trip , worked hard just paid off the mortgage , with plan,s to sell up and ride off into the sunset with not a care in the world , and what happen,s ? the bloody credit crunch / recession , nobody is buying and i am stuck here until somebody buy,s my place ! AAARRRGGGHHH , i will say it again ..AAAARRRGGGHHH ! let me outta here !
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Home prices here have dropped about 15% or more in the last year. But RENTS are UP. Could you rent your place out? This would provide steady income while you are on the road.
I would wait this thing out before selling. It will be AT LEAST a five year long
depression. (it's way beyond a recession now). Europe may be hit harder than the USA. Good time to leave.
Best,
Patrick
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Patrick passed Dec 2018. RIP Patrick!
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