this post was submitted on 26 Mar 2025
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Ooo! Those are good alternatives. I'll give em a read through. It might solve something on my end.
Say I want to move cities for a new job. There are at least two uncertainties I need to resolve -
This prevents me from wanting to buy immediately.
What prevents me from selling immediately is losing a stable footing I can plan around if the new city doesn't work out. More broadly for everyone in this situation though is the cash sits.
I will need to buy immediately or park it in some investment that keeps pace/liquid enough to convert back to a house, which requires additional knowledge/research.
So to be risk averse, sitting on the house is generally a safe default...
But thank you for starting me on considering this as an options and what parameters need to be met to make sense.
Glad to help.
For now. I'd at least put it in your will and talk to the beneficiaries of your estate about it.
I have family members who are more into the whole Real Estate "game" and would rather the property. Putting it in your will prevent any shenanigans.
The whole "society grows great when old men plant trees whose shade they will never know" and all that.
You're right about moving cities part of it. Ideally if there are enough community land trusts and housing cooperatives you won't face such issues as the distinction between "renting" and "owning" will disappear. And your investments will be divorced from land and onto actual projects.