Letter Re: The “Sell Your House and Rent it Back” Option in a Falling House Market
James: In a recent e-mail, you suggested considering selling my house and renting for a period of time, or at least until the real estate bubble stabilized. [JWR’s replies are in-line, in bold text.] 1.) Do you still recommend doing this? Yes, if you are living in a bubble region that is likely to see steep house price declines. The big question now is: can you find someone willing to do this? A year ago or even just six months ago, it would have been fairly easy, since the market was still rising. Now, with prices falling, it might be …