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DC Public and Public Charter Schools
Reply to "Schools cause PoP to leave Petworth"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Maybe he sold because he realized that Petworth is at the height of the market now. Cash out, plain and simple. [/quote] Correct, PoP bought in 2003 for 207k. Sold for 700k. Sitting on about a half-mil in profit. http://www.zillow.com/homedetails/4110-4th-St-NW-W...shington-DC-20011/485208_zpid/ [/quote] You don't seriously think that 12 years of depreciation and inflation results in a true 1/2 mil in profit? If so, I have some timeshares in Fl. I'd like to sell you.[/quote] economists... :roll:[/quote] Seriously. When I say a half-mil in profit, i really meant a half-mil in his POCKET...depending on how much he may have borrowed against the house to do work on it, etc.[/quote]
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