Hey all, I'm having a hard time deciding whether to sell or rent out my townhouse. I purchased it 7 years ago for about $750,000 with $400,000 down and a 30 year 3.25% loan. Since then it has barely appreciated and is currently worth about $800,000. Problem is that this was always meant to be a starter home, and with a recent divorce I do not want to stay any longer.
Location is a VHCOL area. Between the mortgage, HOA and property taxes, I would break even and earn nothing if I were to rent it out. I'm leaning towards selling but hoping to get more opinions here.
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source https://www.reddit.com/r/RealEstate/comments/1kpe6w6/should_i_sell_or_rent/
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