“The other question is how much more is it gonna depreciate AND how how long will you have to sink 1k into it. It could be longer than 3 years.”
Absolutely, those are the million dollar questions – no crystal balls on this site, but again, the most bearish forecast I’ve seen.
Another idea I had to minimize my loss was to get my RE license (work the required hours for free if necessary) and write down more losses on my condo. I work in commercial real estate and am pretty confident I won’t have a problem getting my license. I just got my taxes done and there’s really minimal losses I can take because of my income. Does anyone know if I am looking at this incorrectly? I know, not asking for legal or financial advice…just advice.
