*sigh*

[gosling]

Our condo just got assessed for WAY less than we expected. Other folks have been talking about their property values really dropping too.

Now we pretty much HAVE to sell before we end up oweing the bank more than it's worth and get stuck here forever.

I think our standards of what we will settle for just radically dropped.

Comments

[ceo]

The problem with renting it out, while it may be worth thinking about if we really can't sell, is that we'll lose pretty severely on capital gains (assuming the value goes back up when we do sell) and the mortgage deduction.

Now, it turns out that we were misreading the papers Polly gave us, and she's actually suggesting something closer to her original ballpark figure.

[teddywolf.livejournal.com]

*phew*

That's a relief to hear.