Reply to Husband made a terrible investment and won't admit it

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[quote=Anonymous][quote=Anonymous]OP- why is DH wanting to hold on to them to begin with? is he under the impression that the values will increase?

Have you spoken to an agent that's an expert in condos in your area?  maybe DH is an idiot now but if prices sky rocket as they have been, maybe he won't be such an idiot after all.  although I do agree with you that he made a HUGE error in not including taxes and insurance in his calculations.

[/quote]

Yes, he thinks the values will increase, plus he has an irrational emotional attachment to investing in real estate (he's from a country where a lot of people, including his father, built wealth this way instead of in the stock market). Prices may very well go up in the future. But that doesn't do us any good right now because we need cash to buy a 3br place and it's not going to come from the Down Payment Fairy. I just don't understand why husband won't accept that selling this money-hemmorhaging condo is the best way to get the cash we need. Of course he will eventually have to accept it, because the math is what it is and you can't argue with math. I am just so frustrated that he's going to learn it the hard way instead of listening to reason. He's acting like a toddler!![/quote]

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