I bought my house 6 years ago with cash in AZ. It’s way too big for just me, but I figured it would be cool to live in my bank account essentially, and maybe if the stars align raise a family here.
Stars never aligned, but it has been the best bank account ever. My neighbor just sold his smaller house for 450k. I never even dreamed of this happening here. Just 3 years ago this thing was barely cracking 220k.
I’m really considering just selling it and moving somewhere cheap and rural, while just drawing commissions online for money. I do it now on the side, but a few extra hours into it could fully support me with a low cost of living.
Is this a horrible plan? I’m sure my property tax bill is going to be terrifying here soon and this thing already has ~1k in HOA a year.