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	<title>Comments on: The Real Estate Market is Dead, Should I Rent My House And Take a Loss Until the Market Rebounds?</title>
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		<title>By: Spencer B</title>
		<link>http://www.kirschner-realty.com/renting-real-estate/real-estate-market-dead-rent-house-loss-market-rebounds/#comment-178</link>
		<dc:creator>Spencer B</dc:creator>
		<pubDate>Wed, 15 Apr 2009 11:44:03 +0000</pubDate>
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Homes are always selling and the best home for the best price is always getting showings.  If it&#039;s that dead for you after 2 months then your priced far enough over your competition that it doesn&#039;t even look good on paper.   If you can sell it now and make a profit you should.  Take your money elsewhere and get a better return on investment you should do it.  Don&#039;t just stick you head in the sand.  
    Remember when the stock market started going down and everyone held out thinking it was about to go back up?  They could of sold and got into a better equity like gold and done just fine.   Now it did come back some..but that&#039;s a lot of lost time that money could of been working for their owners.
     You likely calculated your price based off area appreciation during the time you  held it and locked in on how much you want to make.  That isn&#039;t how you calculate value.   You have to price it at current market conditions to get a sale.
Now,   if your willing to hold your home for 2 years at a $500 dollar month loss, maybe you drop your house that $12,000 dollars before your destroy your house with renters.   On the other hand you could wait speculatively hoping the market comes back (it will eventually) or that rents will go up (they are) 
 Personally, I believe you&#039;d be better off taking what money you made and moving it into a better investment that will actually make you a return over the next couple years.</description>
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<p>Homes are always selling and the best home for the best price is always getting showings.  If it&#8217;s that dead for you after 2 months then your priced far enough over your competition that it doesn&#8217;t even look good on paper.   If you can sell it now and make a profit you should.  Take your money elsewhere and get a better return on investment you should do it.  Don&#8217;t just stick you head in the sand.<br />
    Remember when the stock market started going down and everyone held out thinking it was about to go back up?  They could of sold and got into a better equity like gold and done just fine.   Now it did come back some..but that&#8217;s a lot of lost time that money could of been working for their owners.<br />
     You likely calculated your price based off area appreciation during the time you  held it and locked in on how much you want to make.  That isn&#8217;t how you calculate value.   You have to price it at current market conditions to get a sale.<br />
Now,   if your willing to hold your home for 2 years at a $500 dollar month loss, maybe you drop your house that $12,000 dollars before your destroy your house with renters.   On the other hand you could wait speculatively hoping the market comes back (it will eventually) or that rents will go up (they are)<br />
 Personally, I believe you&#8217;d be better off taking what money you made and moving it into a better investment that will actually make you a return over the next couple years.</p>
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