How long you’ve been in this house and how many years do you intend to stay? (sale, real estate market)

[UnfairPark]

https://www.dallasnews.com/business/...ng-put-longer?

“While most houses change hands more frequently than once a century, the time that folks keep their house is now at a record level.”

Hmmm!! That’s a surprise, it seems people are moving as soon as house looses new home smell.

[compSciGuy]

I thought more people would be apt to sell the house when the youngest kid finishes high school.

[SouthernBelleInUtah]

Retired and in it for life.

[mSooner]

5 years here. Intend to stay 2-3 more. It was always intended as a starter home for our growing family while my husband was in training. We hope to keep our next home until our kids are out of the house and hopefully beyond that.

[DitsyD]

We've been here for 20 years and plan to stay as long as possible.

[walker1962]

This story came out yesterday and says homeowners are not moving as frequently as they did 10, 20, 30 years ago - https://www.nytimes.com/2017/11/02/b...x-housing.html

[UnfairPark]

I asked as I see many folks leaving perfectly fine homes with good equity for upgraded houses with high mortgages. One wonders if it’s same old keeping up with the Jones’s issue or influence of HGTV marketing?

It used to be that if neighborhoods were nice and homes were right size, people just repainted and repaired and stayed.

[justsomeguy]

Originally Posted by UnfairPark

I asked as I see many folks leaving perfectly fine homes with good equity for upgraded houses with high mortgages. One wonders if it’s same old keeping up with the Jones’s issue or influence of HGTV marketing?

It used to be that if neighborhoods were nice and homes were right size, people just repainted and repaired and stayed.

With the new GOP tax bill, you better stay at least 5 years unless you want a big tax bill! Should be great for the real estate market!


https://waysandmeansforms.house.gov/.../bill_text.pdf

Mortgage interest starts on page 99.
Exclusion of gain from sale of personal residence starts on page 137 and goes through 139. Proposed to change from two (2) of five (5) to five (5) of eight (8) years.

[Katana49]

We've been in our current house 3 years now. Our previous house, we were there for 4 years. We moved because that home had several compromises and we wanted to get what we really wanted now that we could afford it.

Most likely, we will be in our current home for 10 years or longer. Prices have risen so much already that we'd have to pay a million or more to get into a better home while staying in the same area.

[UnfairPark]

Well, different folks take different strokes but whatever happened to the pilosophy of paying it off and living debt free. Life is unpredictable, why enter into new debt for superficial reasons? If house is too small or neighborhood is horrible or schools suck or commute kills or you found a fortune to buy with cash then sure but adding more debt just for fluff? It doesn’t make sense to me but may be i’m too old fashioned.