To the OP - I guess the good news is that you have lots of options - and based on your clarification of your expenses, it looks like all options will work out just fine, esp. if you have a little flexibility in adjusting your spending during any 'lean' years.
As for the timing of selling your house - if I was in your same situation, I would try to sell as soon as possible. I think most people would agree that current prices are too high in most markets (esp SoCal). But prices fall slowly due to seller resistance. So prices are likely to slowly keep sinking until prices level off (relative to inflation). The question is, what adjustment does it take to 'level off', and how long does it take to work through the inertia?
I tend to agree with the following article - which points to about a 20-25% adjustment over 5 years. But regardless of how long it takes, the article implies that you can take advantage of the still-inflated prices due to seller resistance if you sell now vs. waiting until prices equalize.
http://finance.yahoo.com/real-estate/article/103872/Real-Estate:-Buy,-Sell,-or-Hold?
As I said earlier - I think you're set either way - but if I were you, I would consider my options to be either a) keep working, or b) sell the house as quickly as possible, move immediately after the sale and rent for 6 months, then buy once you have a better read on your new neighborhood.
BTW, I'm also thinking of relocating to OR, although I'm thinking central OR rather than coastal (I want drier weather). Have you considered central OR (like Bend)? If so, why'd you decide to go more coastal?
As for the timing of selling your house - if I was in your same situation, I would try to sell as soon as possible. I think most people would agree that current prices are too high in most markets (esp SoCal). But prices fall slowly due to seller resistance. So prices are likely to slowly keep sinking until prices level off (relative to inflation). The question is, what adjustment does it take to 'level off', and how long does it take to work through the inertia?
I tend to agree with the following article - which points to about a 20-25% adjustment over 5 years. But regardless of how long it takes, the article implies that you can take advantage of the still-inflated prices due to seller resistance if you sell now vs. waiting until prices equalize.
http://finance.yahoo.com/real-estate/article/103872/Real-Estate:-Buy,-Sell,-or-Hold?
As I said earlier - I think you're set either way - but if I were you, I would consider my options to be either a) keep working, or b) sell the house as quickly as possible, move immediately after the sale and rent for 6 months, then buy once you have a better read on your new neighborhood.
BTW, I'm also thinking of relocating to OR, although I'm thinking central OR rather than coastal (I want drier weather). Have you considered central OR (like Bend)? If so, why'd you decide to go more coastal?
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