I live in a pocket of California called the Inland Empire. Several articles have said that the houses are more than 30% over valued in the IE.
I live in Victorville, CA and my house went from $108k to 180k in under 4 years. I owe 95k.
I'm thinking of cashing out and downsizing my living to a cheap 1 bedroom apartment and investing the proceeds from mortgage savings and accumulated equity in the S&P 500 using dollar cost averaging.
If my house is truly overvalued, I should cash out before a crash right? Or wrong?
Read more: How to tell if my house is over valued and what that means exactly?
