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There is no sense in renting them as well, I rent a 1.6 million dollar house for $4200/month. Of course, the owner bought it for way less, but I would rather se
by sharadov 8y ago
There is no sense in renting them as well, I rent a 1.6 million dollar house for $4200/month. Of course, the owner bought it for way less, but I would rather sell, take the money and invest it elsewhere and get a better return.
- r00fus 8y agoIt makes sense if you think that property values and rents increase over time. Also if there’s any likelihood you move back.
- nostrademons 8y agoOnly if you also believe that the other assets you could be investing in (stocks, bonds, sweat equity in a startup, cryptocurrency, an apartment block in Portland) won't increase over time. The money you save in interest doesn't just disappear - if you have any financial sense, you invest it in an asset that yields more than 3%/year.