[quote=poorgradstudent]
End of the day, it’s a lot easier to walk away from a home you’ve lived in for 3-5 years than 25. I would have loved to see my mom sell her house at the peak of the bubble, but she’s lived there 3 decades and couldn’t clean out her basement in less than a year. Us kids grew up in that house, and there are a lot of memories there. It sounds like the woman in the article retired and bought her new home in 2005, so it’s not like she had a lot of emotional stake there.
[/quote]
Begged my mom to sell her Vegas home knowing full well she was moving in a couple of years. She was emotionally attached as well but will return to AZ after retirement. At peak should could have gotten 330K for it now she would be lucky to get 100K. And that was money she desperately needed for retirement.
