Should I sell now or hold on for the moment but hate being an accidental landlord?

[DingDing]

Surely the fact that the original poster seems to have most or all of their net worth in one asset (the property) is a relevant factor that everybody seems to have overlooked?

Indeed, but they are where they are and are stuck with the apartment at the moment. An option might be when it makes financial sense to liquidate it and use the funds differently.

As it is washing its face so to speak, there may be other pension and investment provisions in the mix that we don't know about.

 

[ClubMan]

Indeed, but they are where they are and are stuck with the apartment at the moment. An option might be when it makes financial sense to liquidate it and use the funds differently.

Sorry, what I overlooked is the negative equity bit.
Carry on...

 

[Brendan Burgess]

Surely the fact that the original poster seems to have most or all of their net worth in one asset (the property) is a relevant factor that everybody seems to have overlooked?

Most people have all of their assets in property for a good part of their life. They live in a house worth €300k with a €200k mortgage.

It is not a problem if it is your home or, as in this case, a hedge against the property market.

If she had €1m to invest, it would be wrong to buy an investment property for €1m. But as it's sort of her home, it's fine.

The most important factors here are the fact that it is profitable and that she has good tenants and that it provides a hedge for her.

Brendan