[quote=fat_lazy_union_worker][quote=snail]Don’t be getting to giddy, I always remind myself that I was lucky to be able to sell during the run up to the top and resisted buying all those time. [/quote]
I would second that.
First it’s anyone’s guess how the extent of this rude awakening housing crisis is going to impact the entire economy and specifically each person (the recession spillover affect)
Second, in the example above a home was purchased for $300k, and currently sits at $285k. Assuming this was primary home to be lived in, that was $15k from sale price…BUT, I’m curious, how much rent have you been paying total from 2003-2008? Doesn’t it kinda wash out (at least for now)?
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What price did you originally pay, Murf ?
Certainly avoiding a purchase once you sold was wise. However, FLU makes a good point. Buying low and never selling also works.
