Quote:
Originally Posted by Gerbs
Renewal is up in < 60 days, total housing costs will be close to $3K/month for a 20 year old 1BR in Van. If I rent my place, I can net $6K/year pre-tax. Equity can net around $20-24K/year average index gains.
A few of my friends are going full-equity and renting cheaper places. We all plan to upgrade to duplex/TH ($5-7K/mo) in the next 3-5 years with future partner. So there's no incentive to go from 1BR to 2/3BR.
I'm thinking about doing the same so I can be more mobile, try living in new areas and potentially new cities.
Anyone else liquidate their only PR for a short period of time? Everyone is saying no but math makes sense to me.
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Every single person I know who’s done this has no owned primary residence any longer lol.. like 4/4 of them thought the same thing and cost of living and cost of housing outpaced their plan and now they are all renting
It’s a risky game to play imo