Originally Posted by califdreamer
I'm another Calif homeowner with bloated equity wondering if I should stay or go.* I'm is S Diego area and love it but can't help but think about cashing out and living mortgage free with money to spare.*
Seems like there are great deals in Rockies and Texas.* Also some in Southeast.* AZ and NV have been overbid.*
My brother is 58 and never lived in Calif. However, he just sold his
"McMansion" in Naperville, Il. (what passes for a HOT market in Il.).
They bought a real nice brick ranch in Rockford, Il. and pocketed the left over cash. He has said for years he wanted to get rid of the mortgage
and now he has done it. He also said that he wanted to "retire"
to Rockford, pretty close to the last place I would wish to spend my
"golden years". But, different strokes..................