San Diego Housing Market News and Analysis
Advice to San Diego Homeowners: Sell Now and Rent
User Forum Topic
Submitted by powayseller on April 3, 2006 - 5:54pm
Most people in San Diego should sell their house and rent for the next 5 years or whenever the prices hit bottom.
My idea was validated in the book
Back to the point:
Sell your house, cash out to realize the biggest payoff that you may have in your life, and rent until prices drop.
Personally, this is probably the easiest money my husband and I ever made. Our mortgage interest deduction is offset by losing our property tax obligation. We're also finding that all that money we used to spend at Home Depot to fix up this or that, is staying in our pockets.
This advice, to sell and rent, goes to anyone living in these bubblicious cities.
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