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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]Previous owner of our house overpaid for the house in 2004. Then he encountered some financial difficulties in 2013 and placed the house on the market at less than what he paid for it. He let us know he was angry about the price which made me feel bad for him (but it was certainly not our fault). We bought a condo and in almost a decade of ownership it never appreciated enough to come out ahead in a sale. We sold it under a charitable program and the tax benefits were almost like gaining some appreciation, which surprised us. The buyer's agent asked us to consider the charitable program. This was a long time ago and that program is probably defunct.[/quote]
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