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Reply to "Should I sell my house or rent it out?"
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[quote=Anonymous]How are you paying for housing at your new location? Did you buy something or renting? You could use the rent from your house to cover your housing costs at a new location. If you sell you could pay towards owning property in your new location, but if you plan to return back (like if you have family here and see yourself needing to come back) then I wouldn't sell. We bought a house in a desirable suburb over 10 years ago and had to move for work for several years, but we knew we wanted to return back and would have to eventually. Our house had a mortgage, but rent covered all our expenses, so we didn't have to carry negative cashflow on it renting it out. I am super risk averse and market investing beyond slow grow funds scares me. Years later we moved back and appreciate being able to live in what had become a very expensive neighborhood. We are glad we didn't sell, because we would not be able to buy at today's prices there. [/quote]
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