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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][quote=Anonymous][quote=Anonymous]We are currently selling a TH in Loudoun (10 mins from Reston) we bought in 2007 for $450k. Lived there til we bought a SFH nearby in 2013. Decided to rent it out since we couldn’t break even then. It’s now worth $700k but that still isn’t a great return. $250k gain over 15 years, from which we have to pay realtors, closing costs, and cap gains tax because it was a rental and not a primary. The TH neighbor a few doors down bought in 2016 for the same $450k and sold this year for the same $700k. Now THEY got a good return![/quote] You also got rent money for years.[/quote] That's not the point, investments should appreciate[/quote] Not how investments work, often. See: Bonds, Annuities, Dividend stocks, etc.[/quote]
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