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Reply to "Sell it or rent it out?"
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[quote=Anonymous]I agree with PPs that I would sell, but then again I have no interest in being a landlord. It's just too risky and expensive. My MIL, who worked in real estate for years and owns 6 investment properties, thinks people are idiots for selling their houses and not keeping them as investments. I look at it this way: real estate is one way to invest. It is not the only way, and it has downsides and risks that a lot of people are not interested in. Only you can decide what you are willing to live with. Personally for me a house is a place to live. I'm interested in paying off my forever house before retirement but not in owning multiple properties. Now if this was 2009 (e.g. a bad seller's market), I would probably advise hanging on to it for a few years or until things improved. But we're there now, and it is an excellent time to sell. [/quote]
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