In a lot of these WFH communities, the rental market softened with the rest of the housing market, so you might not have renters or have to take a hit on the rent. Also, being a landlord more than a commute-able distance away from your property sounds like asking for trouble, unless you hire a property manager, but that’s another hit to your income.
Even if the market in some of these more remote areas softened a bit, I think taking a $100,000 hit over one year is crazy, though. Even if you lose $100 or $200 per month renting it out, that’s a long ways from $100,000. Meanwhile, you’re paying off the mortgage and building equity.
In a lot of these WFH communities, the rental market softened with the rest of the housing market, so you might not have renters or have to take a hit on the rent. Also, being a landlord more than a commute-able distance away from your property sounds like asking for trouble, unless you hire a property manager, but that’s another hit to your income.
Even if the market in some of these more remote areas softened a bit, I think taking a $100,000 hit over one year is crazy, though. Even if you lose $100 or $200 per month renting it out, that’s a long ways from $100,000. Meanwhile, you’re paying off the mortgage and building equity.