ST Alpha - "Rent the old house and then rent a new house for y'all. -- nm" (Reading a Post)

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In response to "that was the original plan but now that i'm not working consistently (and might not be for another year or so)" by kare

Rent the old house and then rent a new house for y'all. -- nm

Posted by TFox Jul 29 '11, 16:28

(No message)

Responses:

hmmm. -- nm - kare Jul 29, 16:29 8
- It would have a fair number of perks. Less maintenance, ability to make a change when needed... -- nm - TFox Jul 29, 16:31 7
  - just looked at prices where we (well esp. i) would like to move and... damn. very high. -- nm - kare Jul 29, 16:35
  - Does she still get to keep the mortgage deduction on her house if she isn't living in it? -- nm - El Pollo Rojo Loco Jul 29, 16:33 5
    - No, it has to be your primary residence. -- nm - MojaveMeg Jul 29, 16:35 3
      - so i guess the answer is: patience, grasshopper. sigh. -- nm - kare Jul 29, 16:37 1
        
        This! - El Pollo Rojo Loco Jul 29, 16:44
      - Once you rent it becomes investment property and things like depreciation become deductible - against the rental income. -- nm - MojaveMeg Jul 29, 16:37
    - You're asking a filthy renter questions above his pay grade. -- nm - TFox Jul 29, 16:35

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