this dude has trouble selling stuff on here. I wonder if he ever sold his truck and the lexus.

1/10/2010 12:14:50 PM

I'm trying to see this as a 300k+ neighborhood ... But it's really hard ...

P.S. - If someone over-pays on a property because of its "potential", then they have already lost out on that potential. The buyer will have to wait for neighborhood restoration and market conditions to catch up so that they can sell it for what they paid for it, while the seller has already taken the cash for the "potential".

[Edited on January 12, 2010 at 8:25 AM. Reason : *~<]BO]

1/12/2010 8:10:30 AM

i am deeply moved by your thoughts... so much that I am waiting another year to sell. you win tww.

1/13/2010 7:26:51 PM

Quote :

"you guys win for now... i thought we wouldn't get hit with capital gains if we rolled what we made in to our next house but I think you can only do that with investment properties. be back in one year "

If you've owned and lived in the house for 2 out of the last 5 years, you can exclude up to $250K in capital gain from the sale (i.e. you can make up to $250K in profit before having to pay any taxes on the gain). You don't have to roll the proceeds from the sale into the purchase of a new home.

1/13/2010 9:07:50 PM

thanks. been here a year so we are waiting. sadly we wont make 250k because it isnt even worth that

1/13/2010 9:23:25 PM

How much did this end up selling for?

9/5/2013 8:55:06 AM

nice bump.

9/5/2013 9:17:23 AM

Zillow says "Sold on 2/29/12: $282,500"

9/5/2013 1:25:34 PM

wow, from $370 to $283. I bet the dude still make a profit though.

9/5/2013 11:25:16 PM

How much profit do you think I made ?

Paid $39k for lot and built myself

[Edited on September 6, 2013 at 7:13 PM. Reason : This will help]

9/6/2013 7:06:16 PM

I don't care. I just think it was funny you were trying to make $90k more than you did

Quote :

"Greed is a bottomless pit which exhausts the person in an endless effort to satisfy the need without ever reaching satisfaction. Erich Fromm "

9/6/2013 7:10:29 PM

I think greed would have led me to hold on to it. In a neighborhood with no comps i had to start somewhete. It was a good investment on my part and I made money while the majority of folks were losing money. Nothing greedy about that.

For reference
http://www.zillow.com/homedetails/601-W-Cabarrus-St-Raleigh-NC-27603/6389459_zpid/

This is a new house a block away. Smaller lot. Not as nice. No garage. I'm not greedy

[Edited on September 6, 2013 at 7:37 PM. Reason : K]

9/6/2013 7:18:16 PM