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Real Estate
Reply to "Anyone Sell Recently for Less than or Marginally More than you Paid?"
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[quote=Anonymous][quote=Anonymous]This is our situation as well. We ended up renting our former home but we lose money every month. We did not have the money to bring a check to the closing on that house and put a downpayment on our new house. So we are hoping prices will rise at least a little in the next few years![/quote] Please folks don't hold onto to money losing rentals in the hopes prices will recover. Some would argue the current recovery is based on Fed stimulus. Yesterday we saw a -1% GDP, showing we still have problems beyond the Feds abilities. Another quarter like that, hello Recession. It's fine if you live there and are underwater. But pouring more money and taking risk prices could drop again? Please don't. Look at short sale please. [/quote]
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