Is waiting for market recovery a smart financial decision?
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My house isn't even covering costs when rented. Should I keep waiting for values to recover, or is it smarter to cut my losses now? I need to understand the long-term financial implications of holding this underperforming property versus seeking a better investment opportunity, perhaps with a financial advisor's help.
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@Juliet said in Is waiting for market recovery a smart financial decision?:
My house isn't even covering costs when rented. Should I keep waiting for values to recover, or is it smarter to cut my losses now? I need to understand the long-term financial implications of holding this underperforming property versus seeking a better investment opportunity, perhaps with a financial advisor's help.
You’re definitely not alone — this is a massive dilemma for many in today’s housing market. Before deciding, run the numbers: compare your total monthly costs against realistic rent growth, long-term appreciation, and tax perks like depreciation. If the math doesn't result in a profit, don't be afraid to sell. Reinvesting that cash into stocks, bonds, or REITs often yields better returns without the headaches of being a landlord. A quick chat with a financial advisor can help model both paths.