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Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Live2Sail who wrote (56087)	6/14/2006 2:20:53 PM
From: GraceZ	Respond to of 306849

I've never factored that kind of shuffle into my investment decisions on the rentals but I've known a few people who have. They usually don't have as many properties as we did or they own them serially. One of the reasons I've held onto one last property after selling the others (and paying the cap gains taxes) is because I could see us moving in there when this place is too much for us. But, I wouldn't do that just for the tax savings, I would do it because one or both of us went through some sort of life change that made staying in my current home difficult to impossible. The rental is within walking distance of a very good hospital and it's a good place for an older person. My two tenants are elderly and have health issues. I love the house I live in now so it would take a better reason than the thousands I'd save in taxes liquidating the place as a personal residence to move out of here into there. It's worth more to me to keep it at this stage in my life. I think people put far too much weight on tax considerations when making investment decisions. I'm forever reminding people that the mortgage deduction isn't nearly as wonderful as they think it is and it is certainly not a good reason to get yourself in hock up to your eyeballs.