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re: This crazy real estate market
Posted on 1/13/22 at 7:19 pm to BoogaBear
Posted on 1/13/22 at 7:19 pm to BoogaBear
quote:
Just sold our rental house. 100k more than what it was purchased for in 2018. 20k over asking price.
This kills me. We sold our rental in 2018 and broke even. We considered it a win because we had been nailed by the 2008 housing crisis (the year we bought the house).
I know Zillow isn’t the best for estimates, but it used to say $175k for that house when I owned it. Now Zillow says $310k.
We almost held onto it thinking if we held it for five more years, we could sell for a little profit. Didn’t want to risk the maintenance costs eating at our savings.
3
Posted on 1/13/22 at 7:22 pm to StringedInstruments
quote:
This kills me. We sold our rental in 2018 and broke even. We considered it a win because we had been nailed by the 2008 housing crisis (the year we bought the house).
Are you really "nailed" if you didn't sell it till later. Isn't that like talking about unrealized capital gains or unrealized losses in the stock market?
Posted on 1/14/22 at 5:34 am to StringedInstruments
quote:
Didn’t want to risk the maintenance costs eating at our savings.
You’re doing it wrong.
Posted on 1/14/22 at 5:46 am to StringedInstruments
Timing can be a bitch. Happens to all of us.
I regret not reaping massive gains on my significant WorldCom holdings ....
I regret not reaping massive gains on my significant WorldCom holdings ....
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