I bought a place in an up-and-coming neighborhood three years ago because everyone swore it would boom, but so far it’s been flat, and I’m starting to second-guess my decision. Have you held onto a property that felt like a bad call for a couple of years and then watched it finally take off? I don't know what signs to look out for if the plan is to stick it out.

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Property is basically stagnant where I live. At least it hasn't gone down. I'm happy to hold and wait for things to start growing again, but you never know.

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Gonna need to be more specific if you want help.

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Are you living there as a primary residence, or is this a rental property?

I’d say neighborhoods often take 7 to 10 years to properly “flip”. Unless there was already some momentum in that direction, 3 years is definitely too short of a time period (especially in a notoriously slow transacting period like the last 3 years have been)

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3 years seems like not enough time to declare a bust

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Hold if the area’s infrastructure or business investment is still developing, it can take years for momentum to show. If taxes and upkeep outweigh potential gain, start planning your exit strategy.

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