Reply to Leaving area with no plans to return -- sell or rent house?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Hi all, I've found this thread through the Google :) The thing is I'm in similar situation, except I live in Silicone Valley and I'm moving back to Europe and I don't need any downpayment to buy my next house. I bought my house 2 years ago and I can get ~$200k *profit* tax-free after all commissions if I sell it now, real estate appreciated 30-40% here for the last couple of years. I have 15y mortgage so the rental would be cash-negative, I'll have to add ~15k/year out of pocket to keep the house. On the other hand real estate here in Silicone Valley historically appreciates like craze, at least 5%/year for the last 20 years, and tenants are generally well-mannered engineers. I'm in doubts what to do.[/quote]

In Silicon Valley, I would advise that you keep the house, especially if it is in a good public school district.[/quote]

Public schools are average in my area, not very good, but location is right in the middle of it all: Redwood City, CA.[/quote]

Silicon Valley is very possibly in a massive tech bubble.  The question is: do you know if it is or not? B/c the value of your house is directly tied to that.[/quote]

Bubble is only bubble when it pops :) No way to know beforehand, many young guys just of collage are making millions here.[/quote]

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