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Old 11-04-2017, 09:59 AM
 
2,476 posts, read 1,492,077 times
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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.
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Old 11-04-2017, 12:21 PM
 
Location: Plano, TX
792 posts, read 1,873,830 times
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I thought more people would be apt to sell the house when the youngest kid finishes high school.
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Old 11-04-2017, 01:19 PM
 
Location: Mostly in my head
19,636 posts, read 53,511,196 times
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Retired and in it for life.
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Old 11-04-2017, 06:50 PM
 
3,166 posts, read 4,817,526 times
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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.
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Old 11-04-2017, 07:56 PM
 
Location: Dallas area, Texas
2,234 posts, read 2,759,712 times
Reputation: 3774
We've been here for 20 years and plan to stay as long as possible.
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Old 11-04-2017, 08:10 PM
 
761 posts, read 409,843 times
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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
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Old 11-05-2017, 07:56 AM
 
2,476 posts, read 1,492,077 times
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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.
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Old 11-05-2017, 08:11 AM
 
Location: Dallas
788 posts, read 1,785,907 times
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Quote:
Originally Posted by UnfairPark View Post
I asked as I see many folks leaving perfectly fine homes with good equity for upgraded houses with high mortgages. One wonders if itís same old keeping up with the Jonesís 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.
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Old 11-05-2017, 09:28 AM
 
2,267 posts, read 1,220,897 times
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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.
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Old 11-05-2017, 09:57 AM
 
2,476 posts, read 1,492,077 times
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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.
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