re: This crazy real estate market

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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?

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Sort of. I mean, when I say “broke even,” I mean we bought in 2008 for $179k and sold in 2018 for $179k. Sure we had some equity in the home, but we replaced two A/C units, a garage door opener, a section of gutters, water heater, dishwasher. Some other things I can’t remember. I can’t say we really had a profit.

And by nailed, I mean the drop in home value limited our life decisions. We wanted to move three years later, and our house was getting offers for $150k at the most. Realtors said that was the reality of the market at the time. So we gave up some opportunities because we didn’t want to write a check to sell our house.