We bought a house in Ocean Springs, MS in Dec. 2005, after Katrina. We had just relocated to coast to be near
family three weeks before Katrina hit. Subsequently, we relocated to Jackson area, but kept our coast house and have been renting it out for over a year. My question is: now our work plans to move back to the coast and we are struggling with the decision to sell our coast house and buy a smaller one (less property tax and insurance) or rent another house and sell the coast house, or just move back into the house...
I may be able to help you with your decision. I moved from the coast to the Jackson metro area last year and am familiar with both markets. If you want to contact me personally by e-mail or phone, maybe I can offer you some insight. I look forward to hearing from you.
There is not a right answer here. I'd consult with real estate agents about the potential price for the coastal home, and also about buying whereever it is you wish to live next, then you'll have better information to make a personal decision.
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