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brooksbp | 3 years ago

> I'm personally not a fan of such a situation but it's a reasonable one in today's world.

Not a fan even in today's world. Example:

The house next to mine sold for $300k 2y ago. Those owners put about $50k into renovations and sold 1y later for $450k. The current owner did nothing (didn't even mow the lawn!) and 6m later decided to pack up and move across country for a job. He put the house on the market for $650k. It's beyond insulting. That house is going to sit on the market for a long time unless he is willing to make no money or even lose money on the overall transaction.

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smugma|3 years ago

Isn't the current owner losing $20-30K/yr in mortgage+property taxes?

naveen99|3 years ago

Also another 20k in depreciation