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Real Estate
Reply to "WWYD? Rent out townhousevor unload it. "
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[quote=Anonymous]My husband and I bought a town home for $330000 at the height of the market in 2005 in montgomery village, md. Houses in our neighborhood are listing now In the $200,000-$250,000 range. I am anticipating receiving a job offer in Annapolis, MD, which would require us to move. We have about $240,000 left on the mortgage. We have about $80,000 in savings, $270,000 in our retirement accounts and our son's college is paid for. We make around $175,000 which would go down to $165,000 if I took the new job. Should we just cut our losses and part with this money pit.... Or consider renting it out? The neighborhood pretty much went downhill during the second year we lived there. :([/quote]
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