Northern Virginia - Sell primary residence or rent?

[George H.]

After owning my primary residence for 5 years in northern Virginia, my wife and I are considering relocating. We are considering renting our house or selling it. However, if we were to rent it, we may lose around $300 per month. Although this is far from preferable my thoughts are two fold - 1) with amazon moving to northern Virginia, home prices are expected to go up in the next couple of years and I could hopefully sell it for a decent amount more within the next few years and 2) this could offset my profit from other rentals.

Question - given that I will most likely be losing $300 per month, is it worth holding on to this residence in hopes of getting higher resale value?

Thanks for any input!

[Brandon L.]

Originally posted by @George H.:

@Brandon L. - Is it necessarily a money machine if I am losing money monthly?

yes because eventually that asset will be paid off. Does your 401k give you a profit every year? pretty sure it does not. Do you get rid of the 401k because it doesnt turn a profit every year?