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[quote=Anonymous]I bought a small house in the Glover almost 10 years ago - planning to sell it after 5 once our kids hit a certain age - but the prices on paper/appraisers were much lower than it was possible to really put it on the market for, transaction sale prices are not only the 6% but also the costs of fixing it up for market, and when we wanted to sell - the market was pretty soft.  Remember with condos and small houses, you can't build them out and modernize them the same way you can with many SFHs - so limits the potential upside gain.  Anyway, we are renting that house & bought a bigger one in a good JKLM neighborhood, which isn't a bad outcome (although means $ tied up, have to deal with management/things breaking/upkeep/etc on two places which is a big headache & bets on appreciation which may or may not keep pace with other investment options - or even toward furnishing and upkeep of our current living house), but worth keeping in mind this isn't the 'flipping houses' era of the early/mid 2000s.  [/quote]

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