Should I RENT it or SELL it?

[Account Closed]

I bought a house in 2009 and took a loan out for 190k

I have it down to 169k

(I was getting a good deal because it was selling for 239k back then and the seller was DESPERATE due to personal reasons.)

Now the market is BLEEK and my agent wants to put it up for $179,900 but I DOUBT I will get that. Comp prices are around 120-130k. It's TERRIBLE.

I thought, why not rent it out until things get better? Agent thinks 2000 per month is fair but I looked at comps around town and the home rentals are for 1200 per month at best. What is he thinking?

My mortgage is $1600 per month.

Should I rent and HOLD or SELL and take a loss? What would you do?