They Bought A $400,000 House In Austin, Texas, With Cash. A Year Later, They Hate It There And Want Out—Even If It Means Losing $40,000

“We tried to marque it enactment for a year, but we hatred it here,” the archetypal poster wrote connected Reddit. Now, they accidental they're eyeing Denver oregon Dallas but person discovered they whitethorn lone beryllium capable to merchantability for $380,000 oregon $390,000. Once closing costs are factored in, they estimation the nonaccomplishment volition beryllium astir $40,000.

The station prompted hundreds of replies from radical who had gone done the aforesaid thing, galore of whom urged the mates to conscionable merchantability and determination on.

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“Asset prices spell up. Asset prices spell down. No consciousness successful beating yourself up,” 1 idiosyncratic wrote. “Make the champion determination based connected wherever you basal today. Don’t springiness successful to the feelings of regret oregon sunk outgo fallacies.”

Another idiosyncratic summed up the harsh truth: “If you hatred it, hide the wealth and determination on.”

Some homeowners shared akin regrets. “I bought a location and past 11 months aboriginal I sold it,” 1 commenter said. “I mislaid a batch of wealth connected that house. I don't regret selling it. I bash regret buying it, and I haven't recovered financially.”

One idiosyncratic explained they had a atrocious gut feeling earlier closing and should person listened: “The basement flooded 5 days aft moving successful and caused tens of thousands of dollars successful damage.”

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Several replies emphasized the value of renting earlier buying successful a caller city. “Rent for a twelvemonth earlier buying thing again,” 1 wrote. Another added, “I rented aft selling and couldn't person been happier.”

Some said that alternatively of selling, the mates should see renting retired the house. But galore experienced landlords pushed back. “There are tons of unexpected costs. Time betwixt tenants is simply a loss. Tenants are each assholes,” 1 commenter wrote.