I'm the landlord of a 2 bedroom townhouse condo in the $200k-$250k range. The previous renters were out at the end of August. I was faced with the decision of rent vs. sell.
After running the numbers I ended up renting.
I figured that the $5k in principal renting pays off is enough compensation to take on the risk of a 25% chance of a 25% market correction.
Here's hoping I'm right...
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