Quote:
Originally Posted by will76
I unloaded almost everything over the last 2 - 2.5 years. Got out on most things before it got too bad, but still lost a lot of money there at the end. Sitting on a bunch of lots right now that are worth 1/2 of what they were worth when i bought them 5 years ago. Biggest hit I took was a 250K loss I had on a big tract of land I just got rid of back in Jan.
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Are you selling any of the lots and where are they located?
I'm sure you got to write off a lot of the losses, so it's not a complete loss.
If you can hang on to them, they will go back up. Not now, maybe not in the next few years. But eventually they go back up in Value.