Ask A Bastard Edition: Condo Question


My cousin Jack, who used to blog, asked this question: Why are you selling your apartment? Isn’t it a historically bad time to do something like that?

We’re selling now because we need to. While there are a number of variables that we could deal with (mortgage rates, dealing with equity, credit cards etc) we need to live simply and save money. Given that we’re working on one income now–and the nature of all of my debts–the best thing to do is cut losses and sell.

Yes, it is a bad time to sell ESPECIALLY if sell at the height-of-the-bubble-values. Given we are selling at market rates, I’m comfortable with the decision. Hell, we get at least six showings a week. Someone is bound to buy the place.