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College and University Discussion
Reply to "Buying a house for college housing"
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[quote=Anonymous]We moved in 2006– and got killed— bought at the top of the market, assumed we could sell no problem, it crashed the next month and huge financial loss. And are under contract to buy and sell now (Bye Elon! You wanted me to find a productive private sector job. Done. Wait? You want me to come back because I’m suddenly critical? Hard pass). I am so thankful our DMV house is under contract, closes in a week 30% down, inspection cleared, because the market is really slowing, houses are sitting and it has a 2006 feel. Great school district, good neighborhood, and I still was concerned enough that we didn’t put an offer on a new house until we had a contract on the old one. No way I would invest in real estate just because for a short time frame. It took our DMV house 10 years to rebound and resell for exactly what we paid for it. Remember that fun period in real estate? [/quote]
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