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This is irrelevant since you're an owner occupant. You're generally right, though. The goal with the strategy outlined is to hedge against that by living there
by tabeth 9y ago
This is irrelevant since you're an owner occupant. You're generally right, though. The goal with the strategy outlined is to hedge against that by living there yourself. That and tenants will protect you from appraisal gotchas.
- zaphod4prez 9y agoSorry, why does living there make it irrelevant? You still just "lost" 100k.
- toomuchtodo 9y agoYou still need to live somewhere and you don’t realize the loss unless you have to sell.