Eviction bans could be the destruction of the real estate bubble
I am finding that the longer the eviction ban in California is postponed, the more we are willing to sell our rental property and invest out of state. Our tenants are both in the service and hospitality industry. This is simply not sustainable anymore as an investment.
Notes:
Hot market
High equity
My thoughts:
The rental property has plenty of equity, sell it, give the tenants cash for keys and 1031 exchange to invest elsewhere.
I just need more opinions! What would you do?!
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Real Estate Agent
- Engel & Volkers Carlsbad