[quote=nct]We plan to move out of current house @4s ranch. It is pretty new (~5-year old) in good condition.
Renting it out a big house (>3300 sf) for long term does not seem to make most financial sense (opportunity cost of equity, tenant risk, etc). Correct me if I am wrong please!
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Three things to consider:
1. Your house is relatively new, so you are right about tenant risks (newer houses get damaged more easily).
2. The buyers of larger houses tend to be folks with school age children. And the peak time to sell to these folks is Spring time.
3. On the other hand, I would be very surprised if there won’t be more bad news coming from China in the coming months. And we have seen the effects of that on the stock markets.
IMHO, #3 is a bigger risk than #2. I would try to unload before the holidays.