Don't want to reinvent the wheel if I don't need to.
I'm trying to convince my wife of the financial benefits of moving someone more affordable for several years so we can save up a nice chunk of change and come back in the SoCal market with a huge down payment should we want to come back. I'm scared of being up to my eyeballs in debt in SoCal for my whole life.
I was thinking of doing an excel spreadsheet and using our projected income and savings for staying in SoCal vs moving somewhere like Las Vegas for about 7-10 years and moving back if we want. I think if we do that we could walk into the SoCal real estate market with almost 500k cash but if we buy now we'll forever be under the thumb of the banks.
Thanks for any input.
Submitted April 27, 2018 at 02:47PM by 10_FeetHigher https://ift.tt/2FkOJTv
