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What usually happens if you decide not to sell your house, and the mortgage payments continue to accrue regardless of any potential rentals or home-sharing possibilities?

If you choose not to sell your house, you are still responsible for making mortgage payments, regardless of any rental or home-sharing income.

Non-payment of mortgage can lead to foreclosure, where the lender takes possession of the property.

In a short sale, the lender allows you to sell the house for less than the outstanding mortgage, but this can negatively impact your credit score.

If the sale proceeds are less than the mortgage, you may still be liable to pay the deficiency.

Renting out the house can help cover mortgage payments, but it also involves managing a rental property and adhering to local landlord-tenant laws.

Home-sharing platforms like Airbnb can generate income, but they are subject to regulations and taxes, and may not cover the entire mortgage payment.

Equity built in the house can be used as a financial resource, but tapping into it (e.g., home equity loan) means adding to the outstanding debt.

If the house is not your primary residence, capital gains tax may apply when selling, although there are exemptions for primary residences.

Factors influencing the decision to sell or keep a house include the housing market, personal financial situation, and long-term goals.

Demographic trends such as aging in place and the rise of multigenerational households can impact the decision to sell a house.

Estate planning and inheritance considerations also play a role in the decision to sell a house or keep it in the family.

Climate change and natural disasters can devalue a property, making it harder to sell or rent, and increasing insurance premiums.

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