Home › Forums › Financial Markets/Economics › When does it make financial sense to just dump your house???
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November 17, 2009 at 9:09 AM #484430November 17, 2009 at 9:54 AM #483619AnonymousGuest
Here’s another option: become a landlord and a renter. Advertise your “too small” place on craigslist and find something bigger for yourself. If being a renter doesn’t work for you, after 1 year, you don’t renew the lease to the people who are renting your house and you move back in. You’ll have to do the math, but if the penalty isn’t too large, it may be worth it to know you can go back if you want.
November 17, 2009 at 9:54 AM #483783AnonymousGuestHere’s another option: become a landlord and a renter. Advertise your “too small” place on craigslist and find something bigger for yourself. If being a renter doesn’t work for you, after 1 year, you don’t renew the lease to the people who are renting your house and you move back in. You’ll have to do the math, but if the penalty isn’t too large, it may be worth it to know you can go back if you want.
November 17, 2009 at 9:54 AM #484159AnonymousGuestHere’s another option: become a landlord and a renter. Advertise your “too small” place on craigslist and find something bigger for yourself. If being a renter doesn’t work for you, after 1 year, you don’t renew the lease to the people who are renting your house and you move back in. You’ll have to do the math, but if the penalty isn’t too large, it may be worth it to know you can go back if you want.
November 17, 2009 at 9:54 AM #484242AnonymousGuestHere’s another option: become a landlord and a renter. Advertise your “too small” place on craigslist and find something bigger for yourself. If being a renter doesn’t work for you, after 1 year, you don’t renew the lease to the people who are renting your house and you move back in. You’ll have to do the math, but if the penalty isn’t too large, it may be worth it to know you can go back if you want.
November 17, 2009 at 9:54 AM #484469AnonymousGuestHere’s another option: become a landlord and a renter. Advertise your “too small” place on craigslist and find something bigger for yourself. If being a renter doesn’t work for you, after 1 year, you don’t renew the lease to the people who are renting your house and you move back in. You’ll have to do the math, but if the penalty isn’t too large, it may be worth it to know you can go back if you want.
November 17, 2009 at 9:59 AM #483624ScarlettParticipantExcellent suggestion, jp! I also agree with the disruption and uncertainty.
And 92037renter, that’s also another excellent idea very well worth considering – it gives you something to fall back on – it’s not a irreversible thing.
November 17, 2009 at 9:59 AM #483787ScarlettParticipantExcellent suggestion, jp! I also agree with the disruption and uncertainty.
And 92037renter, that’s also another excellent idea very well worth considering – it gives you something to fall back on – it’s not a irreversible thing.
November 17, 2009 at 9:59 AM #484164ScarlettParticipantExcellent suggestion, jp! I also agree with the disruption and uncertainty.
And 92037renter, that’s also another excellent idea very well worth considering – it gives you something to fall back on – it’s not a irreversible thing.
November 17, 2009 at 9:59 AM #484247ScarlettParticipantExcellent suggestion, jp! I also agree with the disruption and uncertainty.
And 92037renter, that’s also another excellent idea very well worth considering – it gives you something to fall back on – it’s not a irreversible thing.
November 17, 2009 at 9:59 AM #484474ScarlettParticipantExcellent suggestion, jp! I also agree with the disruption and uncertainty.
And 92037renter, that’s also another excellent idea very well worth considering – it gives you something to fall back on – it’s not a irreversible thing.
November 17, 2009 at 10:02 AM #483629PCinSDGuest[quote=CA renter]
Anyone know if this is being done, and whether or not it’s successful?[/quote]I know of someone who just did it successfully. Quit paying on the 2nd, then paid them off. I believe he paid $10k to eliminate a $100k note.
November 17, 2009 at 10:02 AM #483792PCinSDGuest[quote=CA renter]
Anyone know if this is being done, and whether or not it’s successful?[/quote]I know of someone who just did it successfully. Quit paying on the 2nd, then paid them off. I believe he paid $10k to eliminate a $100k note.
November 17, 2009 at 10:02 AM #484169PCinSDGuest[quote=CA renter]
Anyone know if this is being done, and whether or not it’s successful?[/quote]I know of someone who just did it successfully. Quit paying on the 2nd, then paid them off. I believe he paid $10k to eliminate a $100k note.
November 17, 2009 at 10:02 AM #484252PCinSDGuest[quote=CA renter]
Anyone know if this is being done, and whether or not it’s successful?[/quote]I know of someone who just did it successfully. Quit paying on the 2nd, then paid them off. I believe he paid $10k to eliminate a $100k note.
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