I'm sure Steve has posted on this subject before, but we're all in slightly different circumstances so I thought I'd throw my thoughts out to anyone who can give their opinions.
Again, as per my usual posts I'll type as I think so excuse me if I bounce about a bit. For ease of reading I'll just put done some bullet points and any pro's and cons I can think of.
Ok, here goes....
I have a house here and one in Angeles, both mortgaged although not large amounts.
I have a daughter who'll be 2 in June, so need to start thinking about her education.
Options....
Stay here and just spend the school holidays in Angeles, say 4 weeks over Christmas.
Rent my place out here and move there to see how it goes for a year or 2.
Sell here..... now this is where the dilemmas come in
Selling here will enable me to pay off all mortgages, buy another plot next to our house in Angeles, build on it and extend our current property. This will also generate an income from short term rentals on the new build. It will also leave enough money for a new car and plenty in the bank to live modestly for many years to come.
Now the big question... what if I sell and want to come back, can I afford toIf the house prices keep going the way they are there's no way I'd get back into a house anywhere near what I have now, however if the housing market crashes then I would be in a very good position (again IF the worse was to happen I wanted to move back).
As far as work is concerned, I could in theory work from home in Angeles only coming back here to cover if someone wanted a few weeks holiday in the summer time here.
Any opinions or words of wisdom and experience would be greatly appreciated![]()