You’ll notice that, yes, the prices went up from 97-2006. But they went down from 90-97… This was pre-bubble… just the previous cycle. And this is San Diego – so it applies…. not Texas.
Even San Diego has cyclical down trending markets. Real estate does not always go up in price.[/quote]
I’m uncertain about what “CPI-adjusted” means but as I posted before, I’m not necessarily stating that I need to obtain my purchase price. Just recover the amount of my own money that I have invested. They are not necessarily one and the same.
This seems more than reasonable considering the improvements I put in and long length of ownership.
It’s like this: if I can’t recover my OWN investment by the summer of 2014, it will be rented instead of sold. It’s as simple as that and I am NOT alone here. Life can be short. I won’t spend another minute waiting for lazy lenders to do what they were supposed to do all along.[/quote]
I don’t mean to keep harping on this but I think you’re missing a key point. You SPENT your “own money” when you out it as a down payment and spent it on maintenance and improvements. Your money went to the seller , the material suppliers, the contractors, etc. You exchanged your money for a house. A house that can go up or down in value. Your money was no longer yours when you delivered that certified check at escrow.
All this talk about how you have the right to get your money out of your house shows you are having trouble understanding that houses can change in value, even in coastal San Diego or that you don’t understand that a house is not a savings account at a bank.
It sucks that the house did not go up as much as you wished to recover your down payment, pay closing costs, and pay for the improvements and maintenance you put into the house….but that was never guaranteed.
