I'm getting really short of cash while studying for my MA. I'm thinking of selling my 1Dsmk2 along with my 24-70L, buying a Ricoh GR 3 (which is fine for my personal work) and then renting out the same gear when I have a job on. Thoughts?
Personally, I don't agree with this. The lens holds value, so it is basically free to keep (just has capital tied up in it). The body drops in price (something like $250-500/yr), so to hold a 1DS MKII costs you about a buck a day whether you use it or not. If you are reducing your investment, selling the body is the way to go. In the future, buy back in when you want and you still have great glass and a body that is much better than the one you sold.Another option would be to just sell the lens, but keep the body. I know this would mean less cash in hand, so I guess it comes down to how strapped for cash you are. But lenses hold their value much better than bodies do, IMO; plus renting lenses is relatively cheap. You could pick up a decent consumer grade lens for day-to-day shooting (check the reviews - there's some decent consumer glass out there, as long as you understand its limitations), and still rent the 24-70 when you've got a real paying gig.
I had a financial 'hiccup' this year too. I didn't sell any of the photo gear I use... but I did finally get round to putting some stuff on eBay: a medium format film camera and lenses, PDA, books, CDs and other bits and pieces. It helped me to get over the sticky patch, and didn't mean parting with anything I needed...Thanks for the advice/help everybody, the personal stories really hit home for me on this one. I'll keep the gear and work out my financials instead.