Staying in One Place Saves Money

I have joked that for a penny pincher staying in one place is a way to save money! But it's true that moving is a costly business. So think twice before re-locating! For all the fact that we like to travel, my whole family has always liked a settled "home". There is nothing like continuity - it's so reassuring. (And in places with rent-control is sure makes sense to stay put.)

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August 23, 20070 found this helpful

With the way home prices are rising, I agree with you that if you can stay put, stay put. My parents are retired & they purchased their home in a high class suburb of Chicago on one acre for $64,000 in 1978. They were thinking about moving to the next town over to be closer to family but decided to stay put when they found out how much homes (& don't forget real estate taxes!) are going for nowadays - $400,000 & up. I see that you live in L.A. I don't know how anyone outside of the entertainment industry can afford to live there because I watch HGTV & they showcase average homes, not movie star mansions, in L.A. as going for $900,000 on up. It's crazy!

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August 23, 20070 found this helpful

So true. My family thought I was nuts to keep my parents' house after they were gone. It's an old house, built solidly with good materials long before plastic was invented, and it's 4 feet higher than my neighbors down the street. While much of the country is having flooding problems, not me. With the house construction boom, I have new houses around me, but I notice people move in and out a lot. One house has had 4 owners in 8 years. Must be terribly expensive. Just because you could get a big mortgage until recently doesn't mean you should have. Foreclosure is not an economical option. There is nothing so secure as a house you can afford.

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August 23, 20070 found this helpful

It is expensive in more ways than one. How can you put a value on the memories you have in your house? When my wife and I bought our house about 11 years ago, it was with the intention of never moving. Maybe we are old fashioned, but, even with all of it's flaws, I can't imagine leaving our memories behind. There is something wrong with our society when even homes become disposable. In some situations there is not choice, but when it is a choice, how can you choose to move. We need to give our kids roots, a place where they can always return and feel safe no matter how the world treats them.

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August 24, 20070 found this helpful

You are so right. It costs a fortune to move in the UK, on average £15000 (that's Pounds Sterling) with taxes, agents fees, legal fees, etc. So it can be disastrous for your finances to downsize to save money.

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March 20, 20110 found this helpful

On the other hand there are those who feel the need to see what is out there. I am one. I have moved ten times in the last thirty years and that is encluding 4 states. I hate to think of the people and places I would have missed if I had stayed in one place. I wouldn't even rule out moving again if the oportunity came my way.

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January 13, 20120 found this helpful

There are distinct advantages to staying in one home for a long time. You can actually start a savings account for one thing. And most important, we have developed a network of friends who are priceless. We help each other and share meals together. In my childhood I moved often -- more than every two years. I was always the new kid. I wound up going to 20 schools. Permanence means more than I can say.

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