Question : Any suggestions on my house? feel sad when house drop value?
3 yrs ago, I was so stupid to buy a house at $ 320k in North Tampa, FL. Today, the same house across street for sale for $ 230k (loss 90k).
So sad….sad..sad. Other people around the neighborhood did put down only 5% on their house and they just walked away from the home.
I did put down 50% and I stuck. If I sell, that is 100k loss for me. If I keep the hosue, it may takes another 10 yrs for that house to sell at $ 320k.
I am sad… what can I do? anyone else here in my boat? :(
I don’t have to sell now, but considering of moving closer to work (25 miles) and move out of Subdivision. The HOA increased too much because of more and more people are leaving the community.
If I stay, I have to pay too much for HOA, Gasoline to work and sad to see neighbor move to same house as mine with 90k less.
If I sell to move closer to work and out of deed restricted…etc, then i have to take a 90k loss, which I don’t think that is a good option. So I stuck in this house…..If the market recover at 5% increase a yr, then it takes 8 yrs to get to $ 320k. That mean I have to live in this house for another 8 yrs before I can break even??? :(
homes for sale in tampa fl

Best answer:

Answer by Marie
Do you need to sell? If you don’t, I wouldn’t worry about taking a loss and just hold on to the house. You can’t change the market but you can ride it out.