6/08/2005

Prices Coming Down?

One approach some people are thinking of now is sell and then rent for a while so that all their gain can be invested in a cheaper home when the prices come down. But as this says, that may be nothing more than speculation, especially when you're dealing with your primary residence. If you have an investment property, a rental, a second home, that strategy may work, especially if you're considering a 1031 exchange. It's not recommended for your principal residence if you're planning on staying in the same area.

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