You might have to rent if you find a good tenant. It is hard to sell a house here. The people who have income usually seem to have bad credit. The banks are a lot more choosy now.
Still it's nice to have you around more. Best of luck and I would consider retraining as a neurosurgeon that should take a bite out their butt if they have to pay the freight.
Wise words, i left estate agency just before the bottom fell out and rentals were merely ticking over and were a secondary concern, now those agents who neglected rentals have either adopted it or gone under, the fact is rentals have kept most of them afloat when they least expected it.
Now i have no idea on your tenancy laws etc but in theory, you could hire an agent to fully manage your property and use the income to either pay for rent on a smaller place with a bit left over to tuck into savings or subsidise the rent of your new place.
There were alot of people panicking but as my boss used to say regarding investments "theres nought more safe than bricks and mortar" true words too because although this won't go away tomorrow, we will come out the other end and prices recover, if you're patient, you could still stand to get a good price when you do eventually sell. just look at the last price dip in the 80's.
You have our sympathies Norm, but i applaud your attitude - every cloud has a silver lining, in my experience it takes an event like yours to shake you up and get you doing what you REALLY want not what you've become used to. Here's to tomorrow! CHEERS
