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Bought a condo in my 20s at the height of the market before the 2008 crash. Never planned to stay in it more than a couple of years but because of the crash we were there for like 5 years. The area went waaaaaaay down hill as soon as we moved in and became pretty horrible. Enough so that I decided to short sell it after trying to rent it out for like a year or so with limited success.
I mean... I guess ultimately apart from the hit on my credit it wasn't that bad. With the short sale I only ended up losing a couple grand and at the same time I bought my current house almost at the bottom of the market. However it was a pita and stressful and I would not want to do it again. I was stupid and listened to people telling me home prices never go down and if I didn't get that condo I would end up never being able to buy anything.
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