Quote:
Originally posted by motion
Yeah, Jurgen... its a tough decision, though. I hate the thought of giving up my house, but I know this shouldn't be an emotional decision. On the positive side, maybe I'll have an easier time filling my Phoenix vacancies. The rental market is tough out there.
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You're trying to separate your emotions from the raw numbers. It's YOUR home, so it's obvious your emotions come into the picture. If you cannot convince your emotions to follow the numbers, don't sell. It's as easy as that. Worst case scenario is losing all the appreciation, but your wallet won't know the difference. After all, it's all on paper.
I would not rush into this unless you have a very good plan, with plenty of contigencies for 'what-if' situations. If an investment goes south, it hurts for a little while, but you still live. If your Montana plan goes sour, you're reminded of it every time you open the front door. There's more at stake here than dollars...
Tread carefully, but make haste. Your window is closing.
Wayne, I doubt you could have timed it any better. I'd say you had a wee bit of luck on your side. Must be nice being lucky and good, eh?
