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2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance

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53432982 No.53432982 [Reply] [Original]

I paid 84,000 for a condo in a new england town in 2018. Now in 2022 the last sale was for 220,000. How is this even possible? Prices will never go down to where they were will they? I will never be able to afford more real estate it seems.

>> No.53433028
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53433028

>Condo
>Jew England

>> No.53433238

>>53433028
Yes retard, seems to have been a pretty good investment

>> No.53434974

>>53432982
At least you're on the property ladder and have seen significant appreciation. That's good.

Just dont move until you need more space.

>> No.53435033

>>53432982
sell that mofo and profit.
condos will be the first to tank in value, homes will stay stable

>> No.53435041

>>53432982
bros i bought a condo in a new england town in 2022 for 220,000. I'll never be able to sell this place

>> No.53435124

>>53435033
>sell for $84k profit less $13k 6% roastie realtor tip less $13k 15% long term capital gains tax
>take $58k post-tax profits and immediately dump it into an $18-20k/year 1 br apartment
>wait 2 years for real estate prices to bottom out ($18-20k/year x 2 years = $40k)
>come out ahead by $58k - $40k = $18k
what so many zestimate retards don't realize is that their gains are meaningless.