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Updated over 10 years ago on . Most recent reply
Any predictions on real estates
I have a rental townhouse that makes me an income of 7K a year. This is Maryland (Gaithersburg) area. Market was great few years(2006) back and I could have made a profit of 125K, now I am getting offers that will fetch me 50k in profits. The house is not in a great area and crime going up. I am not sure if ever it will go back to price to 2006 level. I have been renting this house since 1995. Any recommendation if I should just walk away with a price of 215K that I am getting or hold on to get back to year 2006 level(350k). Will real estate will back to that level ever or when?
Most Popular Reply

if you need the money soon I would sell it. If you can wait I would wait 5-10 years and see the prices rise.