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Real Estate
Reply to "If you bought 2005-2007 and got hit, tell me your story, location and age"
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[quote=Anonymous][quote=Anonymous]Young gen-x. Bought in 2005- during the boom. [b]Sold last year for 55k underwater.[/b] Broke even due to tax benefits. We had rented the property out during that time. It was very affordable- and a great house to be young and carefree in but it was terrible for having kids. We purchased in 2010 in Fairfax County and sold that house in 2021 to buy our current home. [b]We later sold our underwater house- to just get rid of it. [/b] It was a hard lesson for us to learn- but redfin didn’t even exist in the area we lived in and we had no idea what was a good property. Now- there are a ton of resources and you can make an informed decision. This being said- I love owning. I love not having to pay rent. My mental health is way better now because that stress is done with. [/quote] Underwater? Or just under what you paid for it? Because if you were still underwater 13 years after 2008 you must have bought the worst house in America.[/quote]
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