Condo to Sell?

By Neil
@Neil43 (3289)
October 28, 2024 9:16am CST
I am on the verge of selling one of my condominium units in Quezon City Philippines. After two months, my condominium unit will be fully paid but I am already thinking of selling it. I am really in deep financial trouble because of my restaurant loss that made me indebted because of my credit cards.
6 people like this
4 responses
@LindaOHio (177241)
• United States
29 Oct
I hope your finances will improve soon. Have a good day.
2 people like this
@porwest (89679)
• United States
29 Oct
Might be best, if that's the case, to cut it loose and take the money and hopefully it will help to set you on a better path.
1 person likes this
@Neil43 (3289)
29 Oct
That's the plan, Jim. Some prospects expressing interests already.
1 person likes this
@porwest (89679)
• United States
3 Nov
@Neil43 The best plan is to downsize in some form or fashion and find a way to invest as large a portion of your proceeds as you can so that at least you are building a nice cushion for any future "issues." Most of the time, people's financial situations are made worse by simply not keeping enough of anything they earn, and when the SHTF, they are caught in a trap that is harder to get out of. Many large corporations, and the most successful ones, are ones who hoard quite a bit of cash so if business slows down they have something to fall back on to keep the business afloat. Running one's personal finances in similar ways is very helpful to navigate muddier waters.
@AmbiePam (92132)
• United States
28 Oct
It makes perfect sense to go ahead and sell it. Financial pressure is some of the worst kind of pressure.
1 person likes this
@Ghostlady (1265)
• United States
28 Oct
Hope things get better for you.
1 person likes this
@Neil43 (3289)
28 Oct
Thanks dear. Please pray for me.