Comment: My parents just sold their house

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My parents just sold their house

Good news guys. Parents just sold their house for 600k. We owed 567k and with fees it will be around 600k so it worked out pretty well.

They are looking for a house about 10 miles outside of Jacksonville (30 miles away from downtown) in a somewhat rural area. Once I move back in December, I plan to put up a fence around the house, build a chicken coop, and start a small garden in the yard.

My question is should they rent or buy this new house? Renting is cheaper and is a great shelter against the upcoming housing price crash. If they own a house they might lose some money, but that land is theirs and a certain security comes with that. If your landlords want you out to use your place as a haven, your out.

What do you guys think?

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