Quote:
Originally Posted by stomachmonkey
after taking it in the shorts big time trying to squeeze a few more bucks on a deal and getting royally ****ed a wise freind said to me, bulls and bears make money, pigs get slaughtered.
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Was this in 2008 or so?
Your point is well-taken, and this is why I am asking. I could get out now, and doing the math. Looking at the expenses that remain if I sell the SFH rental, and the expenses and revenues that would go away, and assuming a 10% increase in the rental property value over the next year, I'd stand to make $30 more by selling a year from now. And I guess what I am asking is what are the odds of a decline in RE values instead of that assumed increase? A decline of 7% would eat that $30K. Or just cause me to keep the property longer than planned. If I did the math right.
But yeah, housing prices in the Seattle area have been exploding for 20 years. I think it took about a year to recover from the 2008 problem. This rental is at the southern end of King County (Seattle), and just .9 miles from the Sounder (commuter train) station. Its value is connected to Seattle. I do not see the Seattle RE market as particularly dangerous.