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Updated over 4 years ago,
Should I sell or rent my primary house
Hi, newbie here. I have a house around north seattle(Greenwood/Greenlake) area. I did all the calculation and know that this is definitely not a good rental investment.... (I.e cash flow is about neutral. Big equity locked in the house....) But if I sell it now, I’ll probably take a 20-30k loss after cost(not even considering the part I lost If I invested the downpay in index fund). Also, if I sell, what’s next? I didn’t find good area for rental investment around seattle area. Should I cash out and wait for the market correction?
Also, my protofolio is heavily on real estate in King county(two other property and over 50% of my asset).
I know after I think through the whole situation, it is obvious that I should sell.... but I have emotional attachment to the first primary house and also feel bad that I made a wrong decision, hoping that this house will appreciate more later...
Please throw any ideas. I think I mainly want to have more courage to sell it and take the loss now.