petie6464
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- Feb 19, 2009
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not necessarily , you will be up against the fact that good renters will find it cheeper and easier to buy than to rent, I have a rental on my havasu property, and a new home with no mortgage.. I got in before this last big up swing in price... double edge sword again.... I could sell it all, but then more worthless cash in hand... I have a home in vegas.... went down from 900k to 200k and now back up to about 900k again... I made it through because I only paid 159k with out the upgrades in 1992, and worked hard to get it paid off... so no payment when the crash hit.....and i didn't really care what it was worth because my taxes dropped to next to nothing..... pretty sure that any place you put money right now is risky ... and sure to follow the crash if it happens... I'm real interested in options right now and coming up blank
Why not sell RE off and hold until prices drop and come back in? I guess the tax liability would be one good reason.