Relocate when hard times hit.

[str8chuter]

My wife and I have considered moving to the carribean in a couple years when the economy does spiral. Would you recommend selling our home or holding and renting out?
I subscribe also to International living and their take on investing in an area such as we are considering is a very good idea. They recommend selling all real estate holdings. Invest in another location, work and live.

[Jason1]

I would agree to sell the real estate in US as soon as possible for the sake of what makes most economic and investment sence.

I expect the median house price in US to fall as much as 20%-30% from current levels based on the median house price to median household income ratio. It needs to fall back to 2.7 I think.

Harry Dent makes point about the 12-14 year busts that typically follow 26-28 year boom periods and we may very well have already started our bust, for sure in housing.

Trick I think is to be the buyer of assets when the go on fire sale, having funds to buy.

[Jcody]

My wife and I also have a desire to move to the Caribbean but instead we want to buy a sail boat to live on and work / live for a few years. My question is the same, should we sell or rent the home? Our house is actually paid off and is in a good area of the country,The Research Triangle in North Carolina. A lot of great pharma business and research business is here and real estate increased in value steadily but slower over the past few years, no big booms in prices like Florida and California. So I am thinking it will level out, slow down and may even drop some. If this is correct and I have it paid for, would it make more sense to rent instead of sale in a depressed pricing situation or buyers market? I would also think that rental rates should rise during the bust years 2010 and on. Few will want or could afford to buy a home, so more will rent. Ours is paid for so we should easily be able to compete against other renters who have to overcome mortgage cost. What do you think?

[bobdorsett]

I will offer a thought for your consideration: after covering the financial basic responsibilities (food, housing, etc.), I don't think quality of life is all about making money. For example, we live in a great house (which is paid off) in a wonderful location in a fabulous town (Santa Fe, New Mexico). Yes, the value of the house will probably go down, however, as long as I have enough cash assets in secure investments (secure short-term bonds), I really don't want to put too much emphasis on the value of our house going down, rather on quality of life. Just a thought.

[william the wierd]

Being a landlord is a pain and if you own your property outright a fall in value is unimportant unless you relocate. Also don't relocate to speculate on the value of Costa Rican or Bahamian property. Just do what's right for you and be prepared for the unexpected: Latin America going communist; the Bahamas becoming the 51st state and similar things no one saw coming.

[anibalgroup]

Don't be afraid to sell your assets as Dent has instructed in his latest May 2009 Video Blog Update. We are about to experience the most incredible sale on financial assets in our lifetime. The Fed held the interest rate at practically zero, but how long can that really last?? Countries and investors holding the US debt around the world are beginning to question our ability to pay for it. This current market rally is a bear market rally which is peaking as we speak. We still have the Decennial cycle in business starting here in a few weeks (fall of '09 into fall of '10). The worst is still ahead.

Still there are incredible opportunities for you to create generational wealth right now. For those who would like to downsize or travel to the Caribbean and live on a boat, you should consider opening a meta-physical online business or business franchise. The facts are the facts. Traditional business can't compete with the flexibility and meta-physical aspect of an online business. 1. An oldi but a goodie to look into is Amway Global making the comeback of the century. You can try to start your own retail website, but having the resources of a large multi-billion dollar company in your corner is completely unfair to your competition. Amway Global takes care of order fulfillment, shipping, customer service, returns, payroll, taxes, procurement, and more. How much of that do you want to do on your own or pay someone for? 2. You can also try your luck with Ebay, but you'd have to visit the post office often, and all that postage and wrapping paper on your boat could get annoying. 3. Amazon has a pretty cool system too. You'd have to link up with some suppliers and have them setup a way for you to efficiently fulfill orders. Having the ability to Drop Ship your items is a MUST. Amazon will take a variable percentage of each sale so check your rates closely.

The bottom line is that we're just about ready to exit the eye of this economic storm and the dirty side has yet to hit. Hold your breath, link up with the right network of people and get ready for the ride of your life. See you on the journey!

Check out a simple million dollar franchise opportunity at http://www.purplejava.com

"Sell real estate... by summer 2009"
- Harry S. Dent