Sorry if this is not an appropriate type of financial question for this sub, I’m hoping it is though.
I currently live in Minneapolis and over the last 3 years my house has increased in value by 80,000. I’m in the unique position to move anywhere I want next Spring. My questions are:
- When do you think the next housing crash is expected?
- Are there any markets that would be safe from a crash?
- Should I sell my house this summer and rent for 6-9 months to ensure my 80k equity isn’t lost in the event of a housing market crash? Or wait to sell until next spring?
My end goal is to live in Denver, but the housing there is about double the cost of what is was in 2011.
Is there anywhere I can safely move the equity to in my current home and wait for a crash so I can move to Denver in 3-5 years?
Thank you in advance!
Submitted July 12, 2018 at 05:43PM by SophieDUK https://ift.tt/2zzguKn
