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Real Estate
Reply to "Renting house on the Hill"
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[quote=Anonymous]There is some satisfaction in holding property - emotionally it feels good to have tangible assets in this topsy turvy environment . The numbers may not work perfectly though - assume 5% in the market for the value of your property against net rental income and the depreciation charge you will take when you eventually sell. We have a rental and we would have done better in the market. But, for now, we are holding because, well, not everything is about maximizing the profit, we aren’t operating at a loss and we are not bullish about the next 10 years in the market. [/quote]
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