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re: Gains from Sale of House

Posted on 11/28/16 at 2:31 pm to
Posted by ItNeverRains
37069
Member since Oct 2007
25595 posts
Posted on 11/28/16 at 2:31 pm to
All proceeds are yours, but I have to ask. In what hellhole do you live in where value is less today than it was in the crash? I'm in real estate and has no idea such an area existed in the US.
Posted by ThatsAFactJack
East Coast
Member since Sep 2012
1548 posts
Posted on 11/28/16 at 2:59 pm to
quote:

ItNeverRains


quote:

All proceeds are yours, but I have to ask. In what hellhole do you live in where value is less today than it was in the crash? I'm in real estate and has no idea such an area existed in the US.


Broussard/Youngsville area. Bought when prices were high. That area is just feeling the effects of the oil/gas industry tanking.

The house value has stayed stagnant or declined slightly since we built.
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