sell current home or rent? not sure how to calculate

[SD Realtor]

I have been alot of places including both the North and South islands but it was before I was involved with real estate. Given that we are in an environment that in my opinion will be pushing rates quite a bit higher, no way would I be involved in any such short term financing, seems to me that it would be suicidal. I do not know what the banks you mentioned use to index the rates off of, so if it is local only to NZ then perhaps you are not as exposed. Seems to me that not just the US is overextended so when the money supply tightens up, and it will tighten up someday, those exposed to such short term lending instruments will be in potential problematic situations. Given that environment, it may not be a bad idea for you to sell and then sit on cash to swoop in on some possible good deals in several years.

[Anonymous]

(I think I may have hijacked this discussion too much, sorry about that. Too late now though.)

I think I would be happy to rent this out, and rent somewhere else. I don’t really need to own my residence, I don’t think. I just want to learn to make good investments.

Another weird thing about NZ is that having a mortgage on an investment entitles you to write-off the interest, but you don’t get to do that on a mortgage on your primary residence. That’s opposite from the states where you can claim the mortgage interested on your primary home. Also, there is virtually no capitol gains tax here.

Anyway, blah blah about banks and loans. We need to sell, I fear. But, we have $100,000 in the house, and we don’t want to loose it all selling. If we could have just rented it out (negatively geared, no doubt) for a year or three, and then sell for higher price, we might have dodged a bullet. But, I’m not sure how long I’d have to wait.

There is word that a new crude oil reservoir has been found off our coast. That is likely to bring in some people that need houses. But, it’s all a gamble, for sure.

[Anonymous]

(I think I may have hijacked this discussion too much, sorry about that. Too late now though.)

I think I would be happy to rent this out, and rent somewhere else. I don’t really need to own my residence, I don’t think. I just want to learn to make good investments.

Another weird thing about NZ is that having a mortgage on an investment entitles you to write-off the interest, but you don’t get to do that on a mortgage on your primary residence. That’s opposite from the states where you can claim the mortgage interested on your primary home. Also, there is virtually no capitol gains tax here.

Anyway, blah blah about banks and loans. We need to sell, I fear. But, we have $100,000 in the house, and we don’t want to loose it all selling. If we could have just rented it out (negatively geared, no doubt) for a year or three, and then sell for higher price, we might have dodged a bullet. But, I’m not sure how long I’d have to wait.

There is word that a new crude oil reservoir has been found off our coast. That is likely to bring in some people that need houses. But, it’s all a gamble, for sure.

[Anonymous]

(I think I may have hijacked this discussion too much, sorry about that. Too late now though.)

I think I would be happy to rent this out, and rent somewhere else. I don’t really need to own my residence, I don’t think. I just want to learn to make good investments.

Another weird thing about NZ is that having a mortgage on an investment entitles you to write-off the interest, but you don’t get to do that on a mortgage on your primary residence. That’s opposite from the states where you can claim the mortgage interested on your primary home. Also, there is virtually no capitol gains tax here.

Anyway, blah blah about banks and loans. We need to sell, I fear. But, we have $100,000 in the house, and we don’t want to loose it all selling. If we could have just rented it out (negatively geared, no doubt) for a year or three, and then sell for higher price, we might have dodged a bullet. But, I’m not sure how long I’d have to wait.

There is word that a new crude oil reservoir has been found off our coast. That is likely to bring in some people that need houses. But, it’s all a gamble, for sure.

[Anonymous]

(I think I may have hijacked this discussion too much, sorry about that. Too late now though.)

I think I would be happy to rent this out, and rent somewhere else. I don’t really need to own my residence, I don’t think. I just want to learn to make good investments.

Another weird thing about NZ is that having a mortgage on an investment entitles you to write-off the interest, but you don’t get to do that on a mortgage on your primary residence. That’s opposite from the states where you can claim the mortgage interested on your primary home. Also, there is virtually no capitol gains tax here.

Anyway, blah blah about banks and loans. We need to sell, I fear. But, we have $100,000 in the house, and we don’t want to loose it all selling. If we could have just rented it out (negatively geared, no doubt) for a year or three, and then sell for higher price, we might have dodged a bullet. But, I’m not sure how long I’d have to wait.

There is word that a new crude oil reservoir has been found off our coast. That is likely to bring in some people that need houses. But, it’s all a gamble, for sure.

[Anonymous]

(I think I may have hijacked this discussion too much, sorry about that. Too late now though.)

I think I would be happy to rent this out, and rent somewhere else. I don’t really need to own my residence, I don’t think. I just want to learn to make good investments.

Another weird thing about NZ is that having a mortgage on an investment entitles you to write-off the interest, but you don’t get to do that on a mortgage on your primary residence. That’s opposite from the states where you can claim the mortgage interested on your primary home. Also, there is virtually no capitol gains tax here.

Anyway, blah blah about banks and loans. We need to sell, I fear. But, we have $100,000 in the house, and we don’t want to loose it all selling. If we could have just rented it out (negatively geared, no doubt) for a year or three, and then sell for higher price, we might have dodged a bullet. But, I’m not sure how long I’d have to wait.

There is word that a new crude oil reservoir has been found off our coast. That is likely to bring in some people that need houses. But, it’s all a gamble, for sure.

[Author]

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