I don’t buy your numbers.
First, the market peaked in 2005 by some measures (depending upon area). Some analysts put the peak in early 2006. But you say you sold in November of 2005 and it continued to go up by $700k? No way, no how. More likely you nailed the peak–give yourself credit for timing.
Your other numbers don’t make sense either. How can you be negative $400k from staying put? And please tell us what neighborhood peaked in “mid-late 2007?

I don’t buy your numbers.
First, the market peaked in 2005 by some measures (depending upon area). Some analysts put the peak in early 2006. But you say you sold in November of 2005 and it continued to go up by $700k? No way, no how. More likely you nailed the peak–give yourself credit for timing.
Your other numbers don’t make sense either. How can you be negative $400k from staying put? And please tell us what neighborhood peaked in “mid-late 2007?

I don’t buy your numbers.
First, the market peaked in 2005 by some measures (depending upon area). Some analysts put the peak in early 2006. But you say you sold in November of 2005 and it continued to go up by $700k? No way, no how. More likely you nailed the peak–give yourself credit for timing.
Your other numbers don’t make sense either. How can you be negative $400k from staying put? And please tell us what neighborhood peaked in “mid-late 2007?

Proving once again, that timing is everything.

Proving once again, that timing is everything.

We’ve rented since we dumped our San Diego condo in late 2004, and it certainly has NOT sucked.

We sold that condo to an investor, who then rented that same condo back to us. We never moved. It was such an odd story that the WSJ actually wrote a front-page article that included that story about us and our condo. COST ANALYSIS: that investor lost on average $6,000 in equity per month, for every month we paid him $1,500 in rent. (That condo declined in value from $405K down to $280K.)

Then we moved to Silicon Valley where we rented a 2,200 sq ft home for $2,600/month. We rented from the most successful (by sales volume) husband-wife Realtor team in Silicon Valley, yet they didn’t anticipate the housing crash. COST ANALYSIS: this landlord has thus far lost $12,000 (no joking) in equity PER MONTH, for every month we’ve so far rented this home from them. (Their rental property declined in value during that period from $850K down to less than $700K.)

It can really pay to rent!

We’ve rented since we dumped our San Diego condo in late 2004, and it certainly has NOT sucked.

We sold that condo to an investor, who then rented that same condo back to us. We never moved. It was such an odd story that the WSJ actually wrote a front-page article that included that story about us and our condo. COST ANALYSIS: that investor lost on average $6,000 in equity per month, for every month we paid him $1,500 in rent. (That condo declined in value from $405K down to $280K.)

Then we moved to Silicon Valley where we rented a 2,200 sq ft home for $2,600/month. We rented from the most successful (by sales volume) husband-wife Realtor team in Silicon Valley, yet they didn’t anticipate the housing crash. COST ANALYSIS: this landlord has thus far lost $12,000 (no joking) in equity PER MONTH, for every month we’ve so far rented this home from them. (Their rental property declined in value during that period from $850K down to less than $700K.)

It can really pay to rent!