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Reply to "Anyone Sell Recently for Less than or Marginally More than you Paid?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Are you guys in dc?[/quote] In a DC, generally it's a Dickinsonian market, a tale of two cities. [b]marginal neighborhoods with so-so schools have not recovered [/b]while desirable places for wealthy folks have far exceeded previous bubble. Exception to this is gentrifying places, but that's pretty transformative and hard to compare apples to apples. [/quote] Yep. We sold a condo in a mostly crummy (suburban) area for nearly $30K less than we owed. That was in 2012, and prices there are still nowhere near bubble prices. Prices in our current (also suburban, but well-regarded) area are not that far off the bubble, though this isn't DC itself or N. Arlington, so I think it will be some time before they exceed the bubble. But anyway, yes, we took a hit, and though it still affects us to this day (I'd like to have that $30K back), it was probably worth it. I hated everything about that area and needed to get away for my mental health and our life progression.[/quote]
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