"Richard Faulkner" wrote
Obnoxious neighbours. Got a company relo overseas, let it out...sold 10 years after I bought it.
Housing crash increasingly unlikely?
Jun 10, 2005
22 Replies
In message , John Redman writes
So no problem then? Presumably you collected a tidy sum, which you wouldnt have if you had been able to sell when you "wanted".
"Richard Faulkner" wrote
I sold for 105k 10 years after paying 85k, so not a particulalry tidy sum, and the place I moved to had gone up by 130k since the trough. So I 'gained' 45k versus the trough and 'lost' 130k.
The point being that downward price moves are fine, as long as they don't trap you somewhere you don't want to be, for years and years on end.
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