Hi all, I have been a lurker for many years, but thought I should take some opinions from you guys today. We bought a SFH in West San Jose (Moreland Schools), lived here for a few years and made some equity in the house. Last year, we decided to rent out our house and now renting a house in Saratoga. We might not be able to afford buying house in Saratoga as prices/taxes have skyrocketed.
What is your opinion on selling/renting our WSJ home? Should we just sell and take advantage of tax free $500K and invest it somewhere else? OR Put the equity + all our savings to buy a new house in Saratoga? OR we should keep renting it out, keeping the home long term as it will be very difficult to buy similar home in a good area (heard a lot of stories of people leaving area and never been able to come back)?