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Originally Posted by Red
No, he bought in december.
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No, you are wrong. From his post:
Quote:
Originally Posted by Robbob
My only saving grace is that I bought the condo before the huge boom so I'll have equity regardless, it just has gone down 40k  |
Quote:
Originally Posted by Red
And your rent rates are way out of whack. 600s apartments do not rent for $1800. More like half that, but don't quote me on that, I don't know anybody that rents something similar. Either way, buying a condo last December was not a good move, not sure where you're going with this.
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I don't know where to start with this- you say don't quote you on it, meaning you don't know what you are talking about. Assuming it was just 600 square feet (not sure where that came from)- then yes; I have seen those go for $1500 and up 18 months ago. And I have also seen those units go for closer to $900 at that time. Basically we don't know what kind of place he has.
Keep that in mind, we are talking about 18 months ago. Twice as long ago as the December date you came up with.