I am stuck here. I have a property I’ve had for a number of years. I rent it for good cash flow, have around 200k in equity, and a 2.75% mortgage rate. Don’t live in the state anymore, and I always thought I’d keep this for 40+ years… but now I don’t know if they cut the gov like they’re saying.
What say you?
Even if inflation goes down property tends to hold value. If you are not taking a loss I would keep it. I mean yes, the swamp will hopefully be fully drained but there will always be people living in DC and there are so many monuments there and museums, there will always be visitors and people living there doing those jobs. I say keep it and follow through with your original plan.
Oh and before people judge my word hopefully, these rats seem to be hiding everyone and I fear there will be some that slide under the radar.