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Should I sell my co-op apartment and rent for a year instead of buying a house?

An offer has been made for my apartment that will give me a nice profit and get me completely out of debt. I can also save extra money while I rent and gain 5% interest on the profit. I want to move into a house but I still feel prices will come down over the next year. Do I take the profit and temporarily rent?

Public Comments

1. In this tough market to sell condos, take the money and run. Good luck in getting out of debt.