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Real Estate
Reply to "House Envy of a friend"
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[quote=Anonymous]That's tough, we see it all the time, especially with our friends and family in other U.S. markets buying 3,000 sf new build for like $250k! It could be less "house envy" and more depression about being underwater on a property. A lot of the 2005-2008 buyers around here are underwater, but you need to press on. Your friend has a plan - they are renting out their under water property and saved up/inherited for a different place. In our case, we had to bite the bullet and sell our Cap Hill place at a loss. The 6% realtor fees hurt the most, I think that business model of fees does not work in a flat or down market. Do FSBO if you are in the beltway and have a decent property. Basically have a plan and start moving on, that's the healthiest thing to do. [/quote]
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