Comments on: Should You Move to Take Advantage of Cheaper Real Estate in another State? http://wealthpilgrim.com/should-you-move-to-take-advantage-of-cheaper-real-estate-in-another-state/ WealthPilgrim.com -No Money Worries. No Matter What. Wed, 23 May 2012 12:06:25 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Bucksome http://wealthpilgrim.com/should-you-move-to-take-advantage-of-cheaper-real-estate-in-another-state/#comment-6308 Bucksome Thu, 05 Aug 2010 16:00:11 +0000 http://wealthpilgrim.com/?p=15598#comment-6308 I've never considered moving because of lower real estate costs, but I've owned a home (or mortgage) in Southern California for about 30 years. It did make me think about San Diegans who bought homes 40 miles away from work in Riverside county because they could get more house for their money. That market tanked with the economic downturn and most of my coworkers/friends that live there are upside down or left with little to no equity. I’ve never considered moving because of lower real estate costs, but I’ve owned a home (or mortgage) in Southern California for about 30 years.

It did make me think about San Diegans who bought homes 40 miles away from work in Riverside county because they could get more house for their money. That market tanked with the economic downturn and most of my coworkers/friends that live there are upside down or left with little to no equity.

]]> By: Mark Brian http://wealthpilgrim.com/should-you-move-to-take-advantage-of-cheaper-real-estate-in-another-state/#comment-6290 Mark Brian Wed, 04 Aug 2010 23:42:12 +0000 http://wealthpilgrim.com/?p=15598#comment-6290 While the homes may be cheaper in South Carolina, the taxes might be lower or the cost of living better, I have to strongly suggest that you listen to the advice about finding employment BEFORE relocating. None of the positives about SC will mean a thing if you do not have a job! While the homes may be cheaper in South Carolina, the taxes might be lower or the cost of living better, I have to strongly suggest that you listen to the advice about finding employment BEFORE relocating. None of the positives about SC will mean a thing if you do not have a job!

]]> By: Mysti http://wealthpilgrim.com/should-you-move-to-take-advantage-of-cheaper-real-estate-in-another-state/#comment-6289 Mysti Wed, 04 Aug 2010 22:26:00 +0000 http://wealthpilgrim.com/?p=15598#comment-6289 We have been trying to relocate from Southern New England to Charlotte, NC(or maybe just over the border into SC) for 5 years. Due to my husband's job, it just hasn't happened. Part of the impetus to move is pace of life. And part is cost of living. We can get a much larger (2-3x larger, and NEWER) than what we have now for the same money. I would say your friends should definitely look to cut expenses, and I think they would be happy with a decent house in the 200-225k range. From what I have seen, they are nice. No idea what part they are looking at, but True Homes is a builder that is focusing on alot of eco-friendly touches, TONS of options, and all around great value. We have been trying to relocate from Southern New England to Charlotte, NC(or maybe just over the border into SC) for 5 years. Due to my husband’s job, it just hasn’t happened.

Part of the impetus to move is pace of life. And part is cost of living. We can get a much larger (2-3x larger, and NEWER) than what we have now for the same money.

I would say your friends should definitely look to cut expenses, and I think they would be happy with a decent house in the 200-225k range. From what I have seen, they are nice.

No idea what part they are looking at, but True Homes is a builder that is focusing on alot of eco-friendly touches, TONS of options, and all around great value.

]]> By: Lakita http://wealthpilgrim.com/should-you-move-to-take-advantage-of-cheaper-real-estate-in-another-state/#comment-6283 Lakita Wed, 04 Aug 2010 15:19:58 +0000 http://wealthpilgrim.com/?p=15598#comment-6283 I agree with GoYanks....the fact that they wanted to be a mansion in a cheaper state was a huge red flag! All they'd be doing is getting a bigger house in a different state with no change to their financial situation. Buying something similar to what they currently have (or smaller) would make the most financial sense. I agree with GoYanks….the fact that they wanted to be a mansion in a cheaper state was a huge red flag! All they’d be doing is getting a bigger house in a different state with no change to their financial situation.

Buying something similar to what they currently have (or smaller) would make the most financial sense.

]]> By: Anthony http://wealthpilgrim.com/should-you-move-to-take-advantage-of-cheaper-real-estate-in-another-state/#comment-6278 Anthony Wed, 04 Aug 2010 13:47:17 +0000 http://wealthpilgrim.com/?p=15598#comment-6278 I agree with GoYanks! You can buy a LOT of house for $150k in the South (assuming you'd call South Carolina a southern state). I live in Louisiana and bought a 1400 sqft house for $163k. If it's just the two of them, 1400 sqft is plenty! Personally, I am overwhelmed by the amount of space I have, even with myself, the wife, and a 7-month daughter. I agree with you, Neal: I don't think that their priorities are in order. Moving to another state in order to purchase larger property, while they are having financial issues, is itself another financial issue. They need to take a serious look at what they want in live before making such a big change in their lives. I agree with GoYanks! You can buy a LOT of house for $150k in the South (assuming you’d call South Carolina a southern state). I live in Louisiana and bought a 1400 sqft house for $163k.

If it’s just the two of them, 1400 sqft is plenty! Personally, I am overwhelmed by the amount of space I have, even with myself, the wife, and a 7-month daughter.

I agree with you, Neal: I don’t think that their priorities are in order. Moving to another state in order to purchase larger property, while they are having financial issues, is itself another financial issue. They need to take a serious look at what they want in live before making such a big change in their lives.

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