I’ve grown to believe the Getty quote about buying when others are selling and selling when they are buying and tend to apply that to many areas of life.
If everyone around me is telling me about collapse or buying toilet paper while I can then I think prosperity is right around the corner. Inventory has gotten a little better recently, but it is still low. That tells me that some people are holding onto their properties and I want to be like those people.
If you take depreciation and everything into consideration with regards to your financial situation are you still negative each month? I’d want to talk with my tax person prior to making the decision because I never want to be negative, but if I’m having a good year then the write-off might justify keeping it. I always want to figure out what stays in my pocket/account. If I sell a property to avoid the monthly loss, but then I get to give that same money I’m saving to the IRS then I’d rather keep the property.
