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Author: dtschet Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1491  
Subject: Condo depreciation Date: 3/23/2008 12:26 AM
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Here in upstate NY real estate is really falling. I was talking to a 70-something woman who purchased a condo a couple years back for $400K. She is not really happy there and wants to sell. Already depreciated to $300K!

She is not happy about taking the loss, if it eventually sells, but is convinced she has to leave for "quality of life" reasons.

Buyer beware!

Donna
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