Friday, October 19, 2007

The Big Question...

Not that I want to get into it, but my wife and I have had a long-running debate about the benefits of moving back to the Pacific Northwest. Well, she wouldn't be moving "back"--she's a local girl. (Someone called me a liar in a combox on that one, but I assure you, it's true! I've met her parents!) I've always said we should definitely move out west. She's hated every trip out there she's ever made. Reasons include the rain (which is less than the average rainfall of D.C.), cold, and "rednecks," among other things. I've always thought if you're going to raise a family, you should probably be near family. But now that we're getting into the very industry my family's in, we could learn from and partner with them.

I admit, I'm more torn now. Northern Virginia has its pluses. Surprisingly, our little church, St. Mary's is a big one of them. It's the first time we've ever had a community of like-minded Catholics nearby, and though she's been Catholic for only a short while, even she knows that this is a relatively rare thing. (We're known for, among other things, how fast we skeedaddle out of Mass at the end.)

Anyway, we have yet to make a deal, and we're starting to wonder if this is even possible in NOVA. The weekly "Deal Alert" I get would seem to indicate it's very difficult. People are tearing it up in Maryland, but here...not so much. We know we have to try something else, (making dozens of offers through MLS isn't cutting it), and we will, but now another option is on the table: moving west.

Like I said, I've got family there, and they're either developers, contractors, electricians or real estate agents. The cost of living is cheaper, and while the market sucks right now, it might be just as good a time to buy as it is here. (Or...I think it's a good time to buy here, anyway...) I want all the stars to align on this one, and we'll be praying hard for the next few months. But...we'll see. I'm hesitant for reasons mentioned above, as well as for reasons I won't go into here.

I'd welcome anyone's thoughts, questions...

Also, are there any investors from the northwest reading this site? What's it like out there? I know Seattle's great, but I wouldn't want to live there. That DOES live up to its reputation as rainy, cold and miserable.

Anyway, help me out, folks. I've got one of these bona fide Big Decisions coming up, and unless we make a deal in the next few months, our decision might just be made for us. As it is, we've crossed a line and I now have to become a part-time mover in my after-hours...

3 comments:

Anonymous said...

A few thoughts -

1) This real estate stuff doesn't work "here". I have a buddy in Portland, OR who says the same thing. In any market where someone utters that statement, somebody else is makin' it happen. Growing up, I had a Snoopy poster on my wall that said "The grass is always greener on the other side of the fence... until you discover that it's artificial turf. Have you Ever read "Acres of Diamonds"?
http://www.temple.edu/about/temples_founder/acres_text.html


2) Move to family - That carries water w/ me. Nearby grandparents are a wonderful blessing (and an occasional pain). Move close ... but not too close if you want some "just us" family time.

3) Cost of living - I've wanted to move a few times. If we sold our houses here and re-invested in a lower cost market(with better cash-flow rentals), I could quit my job and go full-time with no pressure. I've identified specific markets, wrote the biz plans, surfaced key contacts etc . As I've presented these BRILLIANT plans to my wife she obediantly responded "Let's do it if you think it's best for our family." Only thing is, her puppy eyes water and her lips quiver as she says it. I'd move in a second ... but women are nesters - so realize that Grace has 51% of the vote here. (Read this one to the womb "The Best Nest")
http://www.amazon.com/Best-Nest-Beginner-Books-R/dp/0394800516

4) You've got the right solution - Take your wife's hand and put it to prayer.

Jimi

Christopher said...

Thanks, Jimi. You realize, I hope, that with this latest bit of advice you're now my mentor. Maybe my life coach, too. I'll let you know about that.

About prayer, I learned not so long ago that some things are simply too big for my puny brain to handle alone. I wish I'd let the Big Guy take control a long time ago...

Anonymous said...

my twisted brain processes your request, two things emerge- 1) I feel as qualified as Clarence from "It's a Wonderdul Life" and 2) May I call you "Grasshopper"?(from the old "Kung Fu" t.v. show)

So, I'm a daily bible reader, husband, father of 3, full-time jobber, songwriter, front-man of a 7-piece band, avid RE investor, property manager, son of ailing parents, cub scout leader, basketball coach, chore neglecter, and many things I'm forgetting ... so sure, I've got time - within constraints.

So, Grasshopper - your first assignment is to produce a monthly budget - I need your monthly income/expense and current assets/liabilities...


Clarence - the 5-minute mentor
(who writes this post while dinner is on the grill)