Comments on: Sell To Rent http://www.findfinancialfreedom.com/23/sell-to-rent Your guide to getting yourself out of debt and out of the rat race Fri, 12 Mar 2010 22:48:21 +0000 http://wordpress.org/?v=2.5.1 By: Bret http://www.findfinancialfreedom.com/23/sell-to-rent#comment-581 Bret Sat, 21 Jun 2008 04:06:42 +0000 http://www.findfinancialfreedom.com/23/sell-to-rent#comment-581 There are a lot more convenient and reliable investment ideas than selling your house to rent and then buying again at some future price. This sounds like a great way to donate a lot of money to Real Estate agents, mortgage brokers and the IRS. I can almost guarantee you that anyone who is wealthy or sucessful won't be using or recommending this investment strategy. For example, Warren Buffet has lived in the same house for 51 years. Unless you are completely upside-down or bleeding a lot of cash, you should hold onto real assets. Even though housing is suffering right now, it will cycle back around. People will always need a place to live and prime land is getting scarce. Besides, the dollar is devaluing rapidly and inflation is way higher than calculated. So, paper-assets are no safe-haven right now. There are a lot more convenient and reliable investment ideas than selling your house to rent and then buying again at some future price.

This sounds like a great way to donate a lot of money to Real Estate agents, mortgage brokers and the IRS.

I can almost guarantee you that anyone who is wealthy or sucessful won’t be using or recommending this investment strategy. For example, Warren Buffet has lived in the same house for 51 years.

Unless you are completely upside-down or bleeding a lot of cash, you should hold onto real assets. Even though housing is suffering right now, it will cycle back around. People will always need a place to live and prime land is getting scarce.

Besides, the dollar is devaluing rapidly and inflation is way higher than calculated. So, paper-assets are no safe-haven right now.

]]> By: John http://www.findfinancialfreedom.com/23/sell-to-rent#comment-540 John Wed, 04 Jun 2008 16:07:20 +0000 http://www.findfinancialfreedom.com/23/sell-to-rent#comment-540 They really shouldn't see it as an investment - but that's the topic of one of my next posts :-) They really shouldn’t see it as an investment - but that’s the topic of one of my next posts :-)

]]> By: Tristan http://www.findfinancialfreedom.com/23/sell-to-rent#comment-538 Tristan Wed, 04 Jun 2008 15:20:47 +0000 http://www.findfinancialfreedom.com/23/sell-to-rent#comment-538 I would argue that lots of people see there home as an investment. The amount of times I've been down the pub and heard a friend say "my house has gone up £25,000 in the last year, so we're taking some of the equity out for a new car" or something similar, it amounts to the same as selling your house and cashing in on the equity. There are lots of companies that advertise to buy your house off you and rent it back to you, so if there was any emotional attachment to your home, you'd still have it because you could still be living in it. The house I live in I have no emotional attachment to, so for me it really is an investment. However, I can't sell any time soon thanks to redemption penalties, so I guess I won't be able to try it out :-( I would argue that lots of people see there home as an investment. The amount of times I’ve been down the pub and heard a friend say “my house has gone up £25,000 in the last year, so we’re taking some of the equity out for a new car” or something similar, it amounts to the same as selling your house and cashing in on the equity.

There are lots of companies that advertise to buy your house off you and rent it back to you, so if there was any emotional attachment to your home, you’d still have it because you could still be living in it.

The house I live in I have no emotional attachment to, so for me it really is an investment. However, I can’t sell any time soon thanks to redemption penalties, so I guess I won’t be able to try it out :-(

]]> By: John http://www.findfinancialfreedom.com/23/sell-to-rent#comment-533 John Wed, 04 Jun 2008 14:45:50 +0000 http://www.findfinancialfreedom.com/23/sell-to-rent#comment-533 Absolutely, yet there are a number of people that regularly advise others to do so (and claim to have done so themselves). Unless you're young, single, unattached and mobile it's likely to be very emotionally draining too. Absolutely, yet there are a number of people that regularly advise others to do so (and claim to have done so themselves).

Unless you’re young, single, unattached and mobile it’s likely to be very emotionally draining too.

]]> By: Pinyo http://www.findfinancialfreedom.com/23/sell-to-rent#comment-532 Pinyo Wed, 04 Jun 2008 14:40:55 +0000 http://www.findfinancialfreedom.com/23/sell-to-rent#comment-532 I think the idea of timing the market with your primary residence is a terrible idea. Even if it make sense financially, I doubt it will overcome the emotional and hassle factors. I think the idea of timing the market with your primary residence is a terrible idea. Even if it make sense financially, I doubt it will overcome the emotional and hassle factors.

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