Anonymous wrote:OP here. It's a SFH. That's the kicker here. 4 bd SFH 1 block from metro. There is definitely value here. I won't name which one.

And yes, 1 block from metro, it's mostly rentals anyway. Not like there is a great sense of community with stable owners.

I am undecided at this point. Not having the 200K as a downpayment on the next house, means that I have to buy less house than what I'd prefer. But willing to take that sacrifice if it means keeping the current as rental is long-term a better financial choice.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

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

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

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.

LOL, thank you. Yes, and the DC area is very possibly in a massive federal-spending bubble. The question is: do you know if it is or not? B/c the value of your house is directly tied to that.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

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

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

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.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

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

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

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.

Anonymous wrote:

Anonymous wrote:

Anonymous wrote: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.

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

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

Anonymous wrote:

Anonymous wrote: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.

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

Anonymous wrote: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.