CASE STUDY:
Bought a house in 2015.
Purchase Price: $300k with 5% down
Comparable rents were: $1,800/mo
Lost your job 2020
Find a new job 2 states away
Rona impact drops RE values 25%
Owe $260k on the house
Current value: $225k
Rona drops rents to $1,600

Was buying a good idea?
Homeowners sold the 1960s dream sitting there calculating 😂
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