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Real Estate
Reply to "WWYD? Rent out townhousevor unload it. "
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[quote=Anonymous]Op here.....thanks for all the advice and input. Many people brought up points that I haven't even started to investigate/contemplate such as the tax-related issues with renting it out. It sounds like more people are suggesting to unload it and cut my losses? I don't see the market recovering in that neck of the woods for a long time....maybe 10-20 years? It's actually a fairly scenic and pretty area of town....but the school stats are poor, the crime-rate is high, etc. I am very concerned about being able to sell it. I went online and saw that many properties being listed in Montgomery Village are short-sales and foreclosures. Aghgh......we were young and dumb when we bought the townhouse in our mid-twenties, pre-kids......I know we couldn't have predicted the housing bubble but I'm pissed at myself for being in this predicament nonetheless. [/quote]
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