Anonymous wrote:This is totally normal.for this area. It typically takes 10 years to not be under water on a house in this area. Renovate and deal with it.
Anonymous wrote:Blaming the realtor is a big red flag about you. They’re nearly irrelevant at this point. There’s nothing they know that you can’t find out even from far away.
Also buying the house and immediately regretting it and being “miserable” in it. That says more about you than the house. It doesn’t sound like you have six kids in two bedrooms. It sounds like you’re doing pretty well and yet still miserable, which is a flag that whatever your problem is, a kitchen can’t and won’t fix it.
I’m fine with people moving, selling, buying, renovating etc whenever they want and nobody wins on every investment. But your blaming the realtor, flip flopping on the house, and blaming the house for your unhappiness suggest you should stay put and spend the money on therapy.
A renovation or a move will never make you happy unless you were already pretty happy, can afford it, and aren’t counting on it to change your life.
Anonymous wrote:We’re in this situation, or close to it. Overpaid at the PEAK of the market including interest rates. House ended up having significant issues we discovered after the sale that will legally require us to sell as-is unless we spend $200K+ to fix them.
However, we LOVE our location and the lot we’re on is surrounded by new builds. So we’re debating selling at a loss to a developer and move on, teardown + rebuild, or stay for 5-8 years and spruce it up via an interior designer.
Anonymous wrote:Maybe hire a really good decorator/space planner to make the most of the space. Would be much cheaper and might help you hate the place less
Anonymous wrote:Blaming the realtor is a big red flag about you. They’re nearly irrelevant at this point. There’s nothing they know that you can’t find out even from far away.
Also buying the house and immediately regretting it and being “miserable” in it. That says more about you than the house. It doesn’t sound like you have six kids in two bedrooms. It sounds like you’re doing pretty well and yet still miserable, which is a flag that whatever your problem is, a kitchen can’t and won’t fix it.
I’m fine with people moving, selling, buying, renovating etc whenever they want and nobody wins on every investment. But your blaming the realtor, flip flopping on the house, and blaming the house for your unhappiness suggest you should stay put and spend the money on therapy.
A renovation or a move will never make you happy unless you were already pretty happy, can afford it, and aren’t counting on it to change your life.
Anonymous wrote:We’re in this situation, or close to it. Overpaid at the PEAK of the market including interest rates. House ended up having significant issues we discovered after the sale that will legally require us to sell as-is unless we spend $200K+ to fix them.
However, we LOVE our location and the lot we’re on is surrounded by new builds. So we’re debating selling at a loss to a developer and move on, teardown + rebuild, or stay for 5-8 years and spruce it up via an interior designer.
Anonymous wrote:Anonymous wrote:If you do sell at a loss and it is a capital loss, then it (slowly) can be deducted from your income when calculating Federal taxes. See a CPA or tax attorney for the details on this.
Wrong!!! A loss on the sale of a house is a personal loss and can’t offset other income or be carried forward. It is not the same as a capital loss on the sale of securities.
Op - ignore this poster!!!
Anonymous wrote:Maybe hire a really good decorator/space planner to make the most of the space. Would be much cheaper and might help you hate the place less