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Sunday, August 13, 2006

Bubble Sitting

F and V need to move. They live in the small townhouse in downtown Albany that F bought and renovated before he met V. Now, with the twins, the space doesn't work. There's not enough of it, and it's on three impractical levels. It appears that they will be able to sell it for a nice profit and, remarkably, buy a much larger "regular" house for less money. I thought this odd until I remembered that it works that way here, too; a couple can often sell their bursting-at-the-seams one-bedroom condo in the city for more than they need to buy a nice house out here.

I keep wondering if I ought to scale down. I have the love-hate thing going on with the garden and the outdoor maintenance, not to mention the indoor maintenance (daughter #2 calls it the "whack-a-mole" syndrome) and the taxes. But it seems that all the nicer condos - at least any that I'd consider - will cost as much as or more than I'd get from the house. And now I read about this thing called "bubble sitting", meaning, essentially, that you sell NOW, while prices are still high, then rent for a while til all the prices come tumbling down. Sell high, buy low. If only it were that easy.