Classic Shift. Be careful who you take advice from.
NYS taxes are ABSURD, you’re all insane.
Short sales don’t always take long. Depends on the bank situation. We did one a few months ago in around 2 weeks start to closing.
Lots of people making poor decisions using this logic since 2007. Past value has zero effect on current and future values, which is all you care about.
If this place really was a crazy deal, it would never have hit the open market. It can still be a good buy, but keep your head on straight. Run your numbers carefully and have them all verified by experts (not here).
$.02.