Quote from: Pi-network314159 on April 21, 2025, 10:54:19 PM

Quote from: darkangel11 on February 28, 2025, 10:07:00 AM

So, you bought a house for $1m and a year later someone offers you $900k for it. Will you sell it? Why should you? If you're not in debt, have money to pay your bills, you won't sell it, right?

A person who bought house for $1m and sold for $900k within the interval of 1 Year must really be insane or could have involved in a financial challenges. But no matter what, selling asset to quickly earlier than expected is not Good because it will lead to selling at Lost. So if you ask me I will say i wouldn't sell it until I meet my set target or probably allow it to compound.

There's two different scenario into this one.

1. Buying up a house on which later on you do have plans on selling it out as part or one of your properties that need to be sold on, on which simply means that you will unlikely be selling it out on loss and hence, you wont be that just that trying out to buy up some property if you do saw that it is located into some place that doesnt have potential on being developed. You cant expect on appreciation in price if the location isnt that something relevant or something that be part of that development of a certain city or what. So before you do able to make up some sale then you do make it sure that you do make profits or you could be able to have that gain.

2. Buying up a house just to be on your own home. When you are on a financial struggle or emergency then you wont be having no choice but to sell out your property and wont be minding about being that profitable or not. There are those instances in our life that making money is less important rather than on saving up someone or having the solution of the current problem you do have.

There are those moments or times that we dont have any options or choices but rather into the current available on which we do know that this could solve up everything.
Therefore, it will be that on case to case basis into this aspect.