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Should I sell or Hunker down?

Teacherman · 2009-04-13 16:00:59

I'm married-live with wife in her 2 bed . Mortgage under 150k. Im worried though about a property I have in Tallaght. 1 bed. In a decent area -has rented last two times on market but last rent dropped 200 euro to 800. Mortgage is 135k but I bought it for 180K but put 30k of my own money into it. My job is secure. Wife lost…

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#32 15-04-2009 11:39am
Akrasia

Registered Users Posts: 22,419 ✭✭✭✭

Join Date: January 2004

Posts: 22065

Good Karma wrote: »

Hi Teacherman

Definately keep it, it might not be giving you an optimum return on your investment at the moment, but these things peak and trough. Never sell in a falling market, if you don't have to.

never listen to any advice that starts with the word never

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#33 15-04-2009 8:19pm
southofnowhere

Registered Users Posts: 258 ✭✭

Join Date: December 2008

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Thanks to everyone for the replies. Plenty of common sense in there. May cut my cloth to measure better I reckon (including getting a lodger in).

I don't want to sell and never did. Just worried my hand might be forced.

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#34 15-04-2009 11:16pm
Good Karma

Closed Accounts Posts: 85 ✭✭

Join Date: February 2009

Posts: 81

ronbyrne2005 wrote: »

Timing is a mugs game, any investor will tell you and a market can remain irrational longer than you can remain solvent

Yeah, exactly..... you've just proved my point ......irrational or not...it's still comes down to timing.

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