I have a confession to make: I lose money on my rental property every month. But I'm OK with that. I've got a long-term plan. Or I'm still delusional and hoping for a turnaround in the housing market. Either way, I stubbornly refuse to lose $30,000 in home equity by selling. I'd rather pay $300 a month out of my pocket in the hopes of hanging on to what little equity I have left.
It's a Renters Market Out There
Much like a home buyer, a renter has a lot of purchasing power. It's a pure case of supply and demand if there ever was one.
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