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Strategies & Market Trends : The Residential Real Estate Crash Index

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To: John Vosilla who wrote (42570)10/5/2005 12:48:50 AM
From: Live2SailRead Replies (1) of 306849
 
From strictly a business sense to me it makes no sense to hold your primary residence as a rental when you move out as you can get to keep all the equity tax free and reinvest it somewhere else, leverage, buy more property and get the higher basis for greater depreciation and tax shelter. That most of these residential properties in the bubble markets generate such a puny return on current market value makes it a no brainer these days. People tend to fall in love with their properties too often.


That's the power of Prop. 13. Don't sell. Don't sell. Don't sell. There are those here who would disagree, of course.
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