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Real Estate
Reply to "Why do people sell their houses?"
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[quote=Anonymous]Just inherited a home in Southern California. Value 3m. Could rent for 10-12k month but property tax and insurance (esp wildfire) is 45k/year, then add 10k in property management fees and 5k in upkeep and I’m netting 60-80k. That’s without vacancies or major repairs. Meanwhile I can sell and invest 3m in the market conservatively and more than double that, plus it’s liquid. That being said I would consider a real estate investment elsewhere—buy an inexpensive rental elsewhere , but in Southern California home ownership is so expensive, even if the house is owned outright and tenant laws make it very difficult to evict if you want to sell or even if tenant does not pay. [/quote]
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