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Reply to "Knowing when to cut your losses"
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[quote=Anonymous]I agree with the "hold" recommendation. How many years into the mortgage are you? The longer you're into the mortgage, the greater the amount that each monthly payment goes towards the principle rather than interest. So as the years go by, the rent will pay down principle at a greater rate, increasing your equity at a greater rate even if the value doesn't rise. (And in Arlington, it should at least stay stable.) As well, you can increase your rent year by year - even without making improvements, the rental market in most areas of the city is strong enough to do this.[/quote]
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