Saturday, January 3, 2009

To Rent or Not to Rent.

I have been waffling over selling my condo as opposed to putting it back on the rental circuit. Well today my tax assessment came in and if my accountant doesn't have a stroke I think I may just be renting it out in a couple of months. The assessment is substantially lower than it had been which will lower the asking price substantially. So even if the market is better it will be a challenge to find a house in Victoria in my range. However the condo market is a buyers market there so I can slip into a much larger unit and actually increase my income as well. Logic tells me this may be the best option. That will make the kids very happy and I think it will fit well with my short term goals. If anyone knows of a renter with a good credit rating looking for a beach condo let me know.

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