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84porsche 84porsche is offline
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Join Date: Dec 2003
Location: Downey, CA
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I would keep the math simple. How much would you pay in rent. For the sake of argument $1500 a month - $18,000 a year. If you feel the housing market is going to drop significantly, then sell now but don't forget the extra expenses. Storage expenses beyond the $18,000 a year. Let's say $12,000 for storage and utilities then you are definitely going to come out on top. Are you planning to leave So Cal after next year? Are you going to take your gain and invest in property elsewhere? If you make a good enough investment, you will clear half of your expenses living in condo or something else. Have you considered a motor home? I don't know how much stuff you have but I know many people who sold high and moved into these until the housing bubble bursts. Just some random thoughts.
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Old 07-26-2004, 03:29 PM
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