Quote:
Originally Posted by CoachKandSportsguy
Not necessarily. You can rent for the small amount of time until you retire. . 50K of rent is like 2 years at 2K per month. . Losing means that you lost all the gain. . .or money. . not quite accurate, but it looks good. . . and with 800K in cash in a 10 year bond @ 1.75 is about 14K per year of interest, which is almost 1/2 the amount of the rent. . . you don't really lose all that much. . . so the 50K in overage and interest makes about 3 years of rent, in rough round figures.
Not sure about your financial situation or work or retirement plans, but sometimes there is a way to keep a large gain. . and my mom's house, just lost 50K in value on Zillow. . . from the max, so gains can disappear as well.
good luck
finance guy
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Unfortunately all we can get for $2000 a month is a studio apartment. Going from a 4 bedroom colonial wire 4 people that might not work. We are probably looking at $3400-4000 a month which is more than the mortgage. I am retired but my wife is working. We own in The Villages, 3 years now, but will not rent it out. We have gained about $100000 so far in FL.