Posted by Rob MacFarland on November 22, 2000 at 10:51:59:
I am in the same boat … current town home has appreciated considerably in the past few years of ownership. However, being in the military it is time to move again. Sell or Rent? With property manager costs, I’ll just break even … for now. Thinking that rents and value should increase and that only some expenses (taxes) will increase, I have decided to rent for a while and see how it goes. Since I have lived in the home for 2 years I will have another three years before I’d get hit with any capital gains on the sale … I also believe that “holding” real estate makes money … only selling if you have to.
my 2 cents.