Should I sell or hold my condo in North San Jose, CA?

[Chris Gallick]

I currently co-own a condo in North San Jose with my ex-wife. We're in good relations and we have agreed to be business partners if it is worth holding. Currently, we're in the red about $650 per month, which isn't a big deal for us since we prioritized moving out of the condo and living closer to work. Of course, I'd rather be making money instead of losing money each month. We're interested in knowing if it would be worth hanging on to for at least a couple of years, or selling in the near-term. I'm weighing the possibility of rental increases in that area since the googleplex is slated to really change downtown (hopefully for the better) and also, probably create a higher demand for rentals in the area. Additionally, last I heard, Apple is building a smaller campus a mile or two away from our condo's location. There are other projects in the work as well in the area that could potentially have a positive impact on rentals, but that likely won't happen for at least a few years. I would hate to sell the condo now and regret it five years down the road. What are your thoughts?