Timing the Housing Market Crash: Why You Can’t Buy Low and Sell High in Real Estate
Rumors of a real estate market crash have some people thinking of selling. The problem is that once they sell, they will become a tenant again and likely have to pay rent at a higher price than their old mortgage. Also they lose the mortgage interest tax deduction when selling as well as the principal reduction on their loan.
The best way to own real estate is to buy and hold for a long period of time, and sell only when its absolutely necessary.