These are just the type of thoughts I was hoping for. We actually owe about $200K on the house, and property taxes are included in what I referred to as our $1700 monthly mortgage payment (and yes, they are high – about $6500 annually). My husband thinks keeping it as a rental propery might make financial sense – he agrees that there will probaby be some loss of value in Austin, but because houses are so much cheaper there & so much more aligned with salaries, that it won’t be as severe as we’re seeing here. And he may be right, but why play with fire? I would rather just sell and get out while we can. Any suggestions on what we should lower the price to? I talked to my realtor today & she thought $339,900 if we are “serious about selling it quickly”.
