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To: No Mo Mo who wrote (61296)	3/25/2005 2:09:49 AM
From: elmatador	Read Replies (1) \| Respond to of 74559

NMM, a couple of risks. I've got 22 years of expat life. Be careful not to ascribe a higher value to your house because of your sentimental value. Are the 2 years going to be two years or is there any risk of a melt down a la 1997 and you have to return in a hurry, with either no house at all or house is rented. Note that your taste and style will change after two years. Even though you pay to store the stuff, you are not sure the stuff will fit the next house and your changed style?

To: No Mo Mo who wrote (61296)	3/25/2005 5:02:18 PM
From: Peter Dierks	Read Replies (1) \| Respond to of 74559

Married gain exclusion $500,000, Single or MFS $250,000. must have lived in it two of the last five years. Substantially all of your gain could be tax free. Is the exclusion going to survive in the future? Are real estate prices going to rise? fall? Try the Ben Franklin method. Take a blank piece of paper, and draw a line down the middle. Write reasons for keeping on one side and reasons for selling on the other. Fill in your reasons. This is not a multi day excercise. When you are done, whichever has the greater number of good rational reasons on it is the winner. DO NOT AGONIZE OVER YOUR DECISION LATER. It was the best one you could make with the information you had right now.

To: No Mo Mo who wrote (61296)	3/25/2005 8:14:22 PM
From: Seeker of Truth	Respond to of 74559

Hello Mr. NMM, Residential real estate requires management. What will you do if the tenants don't pay the rent? Suppose you sign a contract with a management company and they don't attend to their business, how do you handle the situation from the other side of the world? If the round trip air fare is no problem for you maybe you could go back, stay at a hotel for a couple of weeks till the problem is fixed and then return to Asia. On the other hand, can you do this more than once? Anyway non-payment of the rent is highly likely in the unfolding economic crisis, also known as the end of the world as we know it, TEOTWAWKI, speaking Chenese. What will your financial situation be after 2 + years in Asia. If vastly improved you may want to buy a better house. All in all it looks to me that cash is freedom, you could buy gold with it, for example and stash the gold away. Absentee landlordship is not freedom. By the way, problems like this can be handled by a tight network of friends, people you can really count on. ??? MB