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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]Don't know if this counts as "recent," but we took a loss on our condo (bought in 2006, sold in 2013). It stung, but we didn't think we could make money renting it, and also, it's so unpredictable if/when we would have been able to turn a profit selling it. Our asking price was the same as what we paid--we put several thousand into recarpeting, repainting, a mini-kitchen remodel, etc, and we knew we wouldn't be able to recoup that but were hoping to get close to breaking even. But no dice. Like a PP we found a house that we thought was underpriced and we hope to be in it for 25-30 years, so hopefuly we'll come out ahead in the long run. [/quote]
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