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

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[quote=Anonymous]OP, you don't know that your DH has made a bad investment on the 2nd condo. You only think he did and you could be wrong. I say this as someone who was/is in a very similar situation. DH bought a property before we were married that we lose money on every year (also can't rent for cost). He also financed it with an interest-only arm! It has been like a lead weight on our finances for the better part of a decade. I hate it and I resented DH for making such a horrible decision. However, we just put it on the market this week and it is looking like we will make a minimum of $100k, possibly as much as $250k, more than he paid. This will absolutely re-pay us for everything we've lost and will set us up with a nice nest egg. I hated bleeding money like that, and it really limited our other choices (which sucked), but it was worth it. That investment is going to pay off big even though it looked like a huge loser for years.

I say that you should find a way to make it work until it really makes sense to sell.[/quote]

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