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Brought to you by the EveryDollar app. Start budgeting for free today. This is the Ramsey Show, where America hangs out to have a conversation about their money, their profession, and their relationships. 888-825-5225 is the phone number to jump in, America. We'd love to hear from you. 888-825-5225. Alongside the slightly anxious but always Natalie attired George Campbell. He's ready to go.
I appreciate it.
A freshly cleaned bomber jacket. Looks like you got that right out of the old dry-cleaning plastic. I keep it crispy. It looks good. It looks good, and we're ready to go. It's a new dawn, a new day, a new pope, Ken. A new pope is right. Anything is possible. Big news, first American pope, so... If you have any kind of American pride combined with Catholic pride, I guess it's a big day for you.
It's a lot of crossover there. A lot of crossover. Maybe the Chicago Bears will finally be good in football. I don't know, but I digress. Great studio audience today. Full crowd and very excited. They're very, very affirming. We walked into the studio. They were already clapping. Instant applause for doing nothing. And we've done nothing yet.
So speaking of doing nothing, shall we do something, George? Let's do something. All right. Crystal is on the line in St. Louis. Crystal, how can we help?
I am looking to get your guys' opinion on some real estate my husband and I purchased last fall. It's our home. We purchased a home. It's on like three quarters of an acre. It meets a lot of our boxes and stuff like that. But our inspector missed a lot of major electrical stuff. I missed a lot of major cosmetic things that needed to be fixed.
But the big like question that I have is after we closed and started doing some renovations and projects on the house, we found out. that the vacant land behind our house is there is a developer attempting to get it rezoned to put 1,100 apartments on. So right now we're in a very, like, spread out. It's all, I know, it's all, like, acre lots.
Everybody is spread out, and then they're going to plop about 50 or 60 acres behind us, and they're going to put 1,100 apartments. Yeah. We are kind of on the fence. So we bought the house last fall for $360,000. We've already put about $40,000 into it. It appraised for $380,000. We could maybe sell it for anywhere right now between $380,000 to $400,000.
Do we go ahead and take advantage of that development not being there yet and sell it and potentially have a loss? I don't think we'd have to bring money to closing.
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