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CrystalCoveHokie
Joined: 01/01/2005
Posts: 18,367
Likes: 26,491
CrystalCoveHokie
Lifetime

One of my neighbors just put their house on the market….

Bought for $2.2M in 2003….Asking $11M now. Will probably get 10 something. Absolutely ridiculous.
Posted: 04/19/2022 at 11:57 AM ET
(In response to this post by PhotoHokieNC)

Thread Replies (33)

Full Thread →
Ay chihuahua! Just spoke with a neighbor a few homes down the street
PhotoHokieNC • 04/19/22 11:42 AM ET
Where to, cowpoke?**
Nova Hokie 95 • 04/19/22 02:08 PM ET
It’s not 11 yet. Patience, grasshopper.**
PhotoHokieNC • 04/19/22 02:18 PM ET
Bburg?**
HokiesBill48 • 04/19/22 04:37 PM ET
Not in a million years. There through 4 student years + 14 more. Had seen
PhotoHokieNC • 04/19/22 04:42 PM ET
Haha**
HokiesBill48 • 04/19/22 08:25 PM ET
Hold out at least for a tank of gas!**
Major Kong • 04/19/22 12:26 PM ET
I'm also close to selling. The problem is...where are you going to go?
Coach McGuirk • 04/19/22 12:11 PM ET
We have thar settled. **
PhotoHokieNC • 04/19/22 01:41 PM ET
Van down by the river?**
HokieNoVA • 04/19/22 02:43 PM ET
A nice apartment.
HokieJay • 04/19/22 12:26 PM ET
One of my neighbors just put their house on the market…. ◄
CrystalCoveHokie • 04/19/22 11:57 AM ET
When are you moving to Aspen?**
EDGEMAN • 04/19/22 12:01 PM ET
Can’t afford to sell. Taxes. No place to go…..
CrystalCoveHokie • 04/19/22 12:11 PM ET
You get a one time exemption from capital gains on a house.
HokieJay • 04/19/22 01:14 PM ET
Isn’t that limited to $500k?…..
CrystalCoveHokie • 04/19/22 01:18 PM ET
I checked and you're correct.
HokieJay • 04/19/22 01:26 PM ET
Other issues……
CrystalCoveHokie • 04/19/22 01:35 PM ET
That capital gain is quite possible in CA, but also ...
vt90 • 04/19/22 01:28 PM ET
In CA the gain is treated as ordinary income (13% + 20% fed = 33% total) 🤬**
CrystalCoveHokie • 04/19/22 01:51 PM ET
Yikes! 13% and still no water.**
HokieJay • 04/19/22 02:56 PM ET
But we do have highest gas prices**
CrystalCoveHokie • 04/19/22 04:06 PM ET
Ouch - that is what I figured.**
vt90 • 04/19/22 01:54 PM ET
Sucks when you get punished so severely for success ...
vt90 • 04/19/22 12:14 PM ET
Gilded cage**
CrystalCoveHokie • 04/19/22 12:36 PM ET
Don't forget you will need to buy another home, which is probably...
EDGEMAN • 04/19/22 11:56 AM ET
And don't forget we have brains. (and another place to live)**
PhotoHokieNC • 04/19/22 03:46 PM ET
No, you don't. You could rent.**
HokieJay • 04/19/22 01:19 PM ET
Rent is out of control in most places too.**
HokieNoVA • 04/19/22 01:40 PM ET
Selling into a feeding frenzy is awesome. But if it means you have to turn
Tafkam Hokie • 04/19/22 12:39 PM ET
Do you know if the buyer was a person/family or an investment firm?
BleedinOandM • 04/19/22 11:47 AM ET
No. And yes, there are corporate investments in out 'hood. Mostly, in the
PhotoHokieNC • 04/19/22 03:57 PM ET
Of course they're running up the prices, that's where all these cash offers
HokieNoVA • 04/19/22 01:42 PM ET
Good friends just sold their home near SML, not on the lake but near, very
75Hokie • 04/19/22 11:45 AM ET