When does it make financial sense to just dump your house???

[Vishon]

To OP,

To simplify the matter to what financially makes sense:

For the same property, walking away and buying it again at $230k means a $150k gain when the home appreciates back to the original purchase price, a 65% gain versus 0% for staying put. It doesn’t even include the delta from monthly payment difference.

It just seems to make sense to walk away.

Ethically, as long as the banks are taking money from the government, one should have no qualm in taking advantage of the situation. Of course it depends on how you feel about it.

V

[moneymaker]

Why couldn’t the second foreclose? While it’s true they won’t get all of their money,maybe not even any of it back. It sure sends a message to others though. They’re probably being sneaky about it though and are hoping you will trade 1 year of modest interest for what could conceivably become a recourse loan if they reword the contract. Also do you have it in writing that the first is giving you 4% for the life of the loan? I would want it in writing.

[moneymaker]

Why couldn’t the second foreclose? While it’s true they won’t get all of their money,maybe not even any of it back. It sure sends a message to others though. They’re probably being sneaky about it though and are hoping you will trade 1 year of modest interest for what could conceivably become a recourse loan if they reword the contract. Also do you have it in writing that the first is giving you 4% for the life of the loan? I would want it in writing.

[moneymaker]

Why couldn’t the second foreclose? While it’s true they won’t get all of their money,maybe not even any of it back. It sure sends a message to others though. They’re probably being sneaky about it though and are hoping you will trade 1 year of modest interest for what could conceivably become a recourse loan if they reword the contract. Also do you have it in writing that the first is giving you 4% for the life of the loan? I would want it in writing.

[moneymaker]

Why couldn’t the second foreclose? While it’s true they won’t get all of their money,maybe not even any of it back. It sure sends a message to others though. They’re probably being sneaky about it though and are hoping you will trade 1 year of modest interest for what could conceivably become a recourse loan if they reword the contract. Also do you have it in writing that the first is giving you 4% for the life of the loan? I would want it in writing.

[moneymaker]

Why couldn’t the second foreclose? While it’s true they won’t get all of their money,maybe not even any of it back. It sure sends a message to others though. They’re probably being sneaky about it though and are hoping you will trade 1 year of modest interest for what could conceivably become a recourse loan if they reword the contract. Also do you have it in writing that the first is giving you 4% for the life of the loan? I would want it in writing.

[cabal]

[quote=analyst][quote=23109VC]

but I do have the option to just stiff them, quit paying and effectively, they have no recourse. either they will settle with me or they will just sell my note to a collections dept and I will get hounded by them.[/quote]

Your list of USAA alternatives is incomplete. USAA has the third alternative of continuing your loan unaltered.

If the loan is sold, the new owner of the loan gains more than just the right to pester you with phone calls.

In either case, your debt will continue to grow with accrued unpaid interest. You will be unable to sell the house without dealing with the owner of the second. If you stay a long time and pay down the first, the second will remain in force, and will no longer be worthless.

While it is common to escape a second via bankruptcy, foreclosure, or short sale, you should not expect to do so otherwise.

—–

USAA has been my insurance company for 40 years. It is run by ex-military officers and serves the military community, and their extended families. Don’t expect USAA to operate by the same code as other companies.

Over 40 years, I have occasionally explored other companies offerings, and always found USAA’s to be substantially better. Don’t underestimate the future value of doing business with USAA.[/quote]

I agree with Analyst. USAA can choose to wait until there is sufficient equity to foreclose via market rebound, 1st mortgage principal reduction, or some combination of both. Folding in penalties, fees, and the unprecedented lack of confidence in the housing market, the OP will probably never realize any future appreciation especially with a 40 yr loan. The only viable option wrt to the 2nd is to try and settle.

Regarding the loan mod on the 1st from 7%? to 4.8%, I’m not sure I would have accept it. The $600 monthly reduction is due to both lower rate and term extension from 30 to 40 years, with probably $400-$450 attributed to the rate reduction. This permanent benefit is balanced against the hit to the FICO, maybe 150 points since they probably reported it 90 days late, which I understand is much more severe than 30 or 60 days late. Probably worth it if nesting long term. Did you try to get them to report your payments current even with a loan mod?

I’m pretty sure lenders have many internal loan modification programs and the Obama home preservation plan is just one option. For example, the 729K upper limit on loan mod is nonsense as I know several people with 1M+ loan balances that received modifications. What I didn’t know was that a non-distressed homeowner (with PITI to gross less than 31%) can also qualify as evidenced by the OP. This takeaway is quite shocking and it means anyone can theoretically get a loan mod.

[cabal]

[quote=analyst][quote=23109VC]

but I do have the option to just stiff them, quit paying and effectively, they have no recourse. either they will settle with me or they will just sell my note to a collections dept and I will get hounded by them.[/quote]

Your list of USAA alternatives is incomplete. USAA has the third alternative of continuing your loan unaltered.

If the loan is sold, the new owner of the loan gains more than just the right to pester you with phone calls.

In either case, your debt will continue to grow with accrued unpaid interest. You will be unable to sell the house without dealing with the owner of the second. If you stay a long time and pay down the first, the second will remain in force, and will no longer be worthless.

While it is common to escape a second via bankruptcy, foreclosure, or short sale, you should not expect to do so otherwise.

—–

USAA has been my insurance company for 40 years. It is run by ex-military officers and serves the military community, and their extended families. Don’t expect USAA to operate by the same code as other companies.

Over 40 years, I have occasionally explored other companies offerings, and always found USAA’s to be substantially better. Don’t underestimate the future value of doing business with USAA.[/quote]

I agree with Analyst. USAA can choose to wait until there is sufficient equity to foreclose via market rebound, 1st mortgage principal reduction, or some combination of both. Folding in penalties, fees, and the unprecedented lack of confidence in the housing market, the OP will probably never realize any future appreciation especially with a 40 yr loan. The only viable option wrt to the 2nd is to try and settle.

Regarding the loan mod on the 1st from 7%? to 4.8%, I’m not sure I would have accept it. The $600 monthly reduction is due to both lower rate and term extension from 30 to 40 years, with probably $400-$450 attributed to the rate reduction. This permanent benefit is balanced against the hit to the FICO, maybe 150 points since they probably reported it 90 days late, which I understand is much more severe than 30 or 60 days late. Probably worth it if nesting long term. Did you try to get them to report your payments current even with a loan mod?

I’m pretty sure lenders have many internal loan modification programs and the Obama home preservation plan is just one option. For example, the 729K upper limit on loan mod is nonsense as I know several people with 1M+ loan balances that received modifications. What I didn’t know was that a non-distressed homeowner (with PITI to gross less than 31%) can also qualify as evidenced by the OP. This takeaway is quite shocking and it means anyone can theoretically get a loan mod.

[cabal]

[quote=analyst][quote=23109VC]

but I do have the option to just stiff them, quit paying and effectively, they have no recourse. either they will settle with me or they will just sell my note to a collections dept and I will get hounded by them.[/quote]

Your list of USAA alternatives is incomplete. USAA has the third alternative of continuing your loan unaltered.

If the loan is sold, the new owner of the loan gains more than just the right to pester you with phone calls.

In either case, your debt will continue to grow with accrued unpaid interest. You will be unable to sell the house without dealing with the owner of the second. If you stay a long time and pay down the first, the second will remain in force, and will no longer be worthless.

While it is common to escape a second via bankruptcy, foreclosure, or short sale, you should not expect to do so otherwise.

—–

USAA has been my insurance company for 40 years. It is run by ex-military officers and serves the military community, and their extended families. Don’t expect USAA to operate by the same code as other companies.

Over 40 years, I have occasionally explored other companies offerings, and always found USAA’s to be substantially better. Don’t underestimate the future value of doing business with USAA.[/quote]

I agree with Analyst. USAA can choose to wait until there is sufficient equity to foreclose via market rebound, 1st mortgage principal reduction, or some combination of both. Folding in penalties, fees, and the unprecedented lack of confidence in the housing market, the OP will probably never realize any future appreciation especially with a 40 yr loan. The only viable option wrt to the 2nd is to try and settle.

Regarding the loan mod on the 1st from 7%? to 4.8%, I’m not sure I would have accept it. The $600 monthly reduction is due to both lower rate and term extension from 30 to 40 years, with probably $400-$450 attributed to the rate reduction. This permanent benefit is balanced against the hit to the FICO, maybe 150 points since they probably reported it 90 days late, which I understand is much more severe than 30 or 60 days late. Probably worth it if nesting long term. Did you try to get them to report your payments current even with a loan mod?

I’m pretty sure lenders have many internal loan modification programs and the Obama home preservation plan is just one option. For example, the 729K upper limit on loan mod is nonsense as I know several people with 1M+ loan balances that received modifications. What I didn’t know was that a non-distressed homeowner (with PITI to gross less than 31%) can also qualify as evidenced by the OP. This takeaway is quite shocking and it means anyone can theoretically get a loan mod.

[cabal]

[quote=analyst][quote=23109VC]

but I do have the option to just stiff them, quit paying and effectively, they have no recourse. either they will settle with me or they will just sell my note to a collections dept and I will get hounded by them.[/quote]

Your list of USAA alternatives is incomplete. USAA has the third alternative of continuing your loan unaltered.

If the loan is sold, the new owner of the loan gains more than just the right to pester you with phone calls.

In either case, your debt will continue to grow with accrued unpaid interest. You will be unable to sell the house without dealing with the owner of the second. If you stay a long time and pay down the first, the second will remain in force, and will no longer be worthless.

While it is common to escape a second via bankruptcy, foreclosure, or short sale, you should not expect to do so otherwise.

—–

USAA has been my insurance company for 40 years. It is run by ex-military officers and serves the military community, and their extended families. Don’t expect USAA to operate by the same code as other companies.

Over 40 years, I have occasionally explored other companies offerings, and always found USAA’s to be substantially better. Don’t underestimate the future value of doing business with USAA.[/quote]

I agree with Analyst. USAA can choose to wait until there is sufficient equity to foreclose via market rebound, 1st mortgage principal reduction, or some combination of both. Folding in penalties, fees, and the unprecedented lack of confidence in the housing market, the OP will probably never realize any future appreciation especially with a 40 yr loan. The only viable option wrt to the 2nd is to try and settle.

Regarding the loan mod on the 1st from 7%? to 4.8%, I’m not sure I would have accept it. The $600 monthly reduction is due to both lower rate and term extension from 30 to 40 years, with probably $400-$450 attributed to the rate reduction. This permanent benefit is balanced against the hit to the FICO, maybe 150 points since they probably reported it 90 days late, which I understand is much more severe than 30 or 60 days late. Probably worth it if nesting long term. Did you try to get them to report your payments current even with a loan mod?

I’m pretty sure lenders have many internal loan modification programs and the Obama home preservation plan is just one option. For example, the 729K upper limit on loan mod is nonsense as I know several people with 1M+ loan balances that received modifications. What I didn’t know was that a non-distressed homeowner (with PITI to gross less than 31%) can also qualify as evidenced by the OP. This takeaway is quite shocking and it means anyone can theoretically get a loan mod.

[cabal]

[quote=analyst][quote=23109VC]

but I do have the option to just stiff them, quit paying and effectively, they have no recourse. either they will settle with me or they will just sell my note to a collections dept and I will get hounded by them.[/quote]

Your list of USAA alternatives is incomplete. USAA has the third alternative of continuing your loan unaltered.

If the loan is sold, the new owner of the loan gains more than just the right to pester you with phone calls.

In either case, your debt will continue to grow with accrued unpaid interest. You will be unable to sell the house without dealing with the owner of the second. If you stay a long time and pay down the first, the second will remain in force, and will no longer be worthless.

While it is common to escape a second via bankruptcy, foreclosure, or short sale, you should not expect to do so otherwise.

—–

USAA has been my insurance company for 40 years. It is run by ex-military officers and serves the military community, and their extended families. Don’t expect USAA to operate by the same code as other companies.

Over 40 years, I have occasionally explored other companies offerings, and always found USAA’s to be substantially better. Don’t underestimate the future value of doing business with USAA.[/quote]

I agree with Analyst. USAA can choose to wait until there is sufficient equity to foreclose via market rebound, 1st mortgage principal reduction, or some combination of both. Folding in penalties, fees, and the unprecedented lack of confidence in the housing market, the OP will probably never realize any future appreciation especially with a 40 yr loan. The only viable option wrt to the 2nd is to try and settle.

Regarding the loan mod on the 1st from 7%? to 4.8%, I’m not sure I would have accept it. The $600 monthly reduction is due to both lower rate and term extension from 30 to 40 years, with probably $400-$450 attributed to the rate reduction. This permanent benefit is balanced against the hit to the FICO, maybe 150 points since they probably reported it 90 days late, which I understand is much more severe than 30 or 60 days late. Probably worth it if nesting long term. Did you try to get them to report your payments current even with a loan mod?

I’m pretty sure lenders have many internal loan modification programs and the Obama home preservation plan is just one option. For example, the 729K upper limit on loan mod is nonsense as I know several people with 1M+ loan balances that received modifications. What I didn’t know was that a non-distressed homeowner (with PITI to gross less than 31%) can also qualify as evidenced by the OP. This takeaway is quite shocking and it means anyone can theoretically get a loan mod.

[23109VC]

you are SO right about USAA. One of the HUGE reasons why I am VERY reluctant to go the “stop paying” and just try to screw USAA is b/c they are such a good company, and I want to be a loyal customer. Most banks are just pricks…they just want to screw you, they play games with you..I moved ALL my banking and insurance to USAA b/c they have been so good. I am not military, but got into USAA b/c a relative was. USAA is the BEST insurance company I have ever dealth with. they are honest, they bend over backward to be nice to you..and it pains me to think that screwing them might be the best financial route to take.

in an era where most customers have no loyalty to their banks…and I honestly don’t care about any of the other banks I’ve had b/c I KNOW they didn’t care about me… USAA does honestly seem to care. while they aren’t giving me a free lunch on my second…they are VERY good to me on my other policies…and part of me knows that if I have to sswithc my life ins, car ins, etc..I likely will pay at least a couple hundred more a month to get similar quality service..which might just offeset any real gain my dumping the second.

boht my wife and I agree on this.

we will likley just suck up the deal USAA recently offered us to temporarily adjust our second. which saves us another $150/month.

overall, with this final concession, my monthly nut for a 1900 sq ft home in a nice part of Temeecula is about $2500. i’ll have to do the math, but my guess is i save roughly 500/month on taxes by owning vs renting. i’ll update in this thread if I find that my math is way off.

that means I”m paying 2000/month actual costs…which is what it would cost to rent this home. and i don’t have the hassle of worrying that some landlord will stop paying and i’ll be forced to move.

both my wife and I have discussed that very real possibility shoudl we opt to walk and go the route of renting..and neither of us wants to dealt with that. with small kids…moving is even more of a PITA than it already is.

we have some plans to convert half the garage into a playroom. not anyting $$ like walls,flooring. i’m talking about maybe some upgraded storage so anyting unsafe like chemicals and yard tools are out of reach..and then putting in some sof rubber mats and hooking up the spare TV. kids can have all their toys out there…in so cal the garage is never too hot or cold… our oldest boy is actually excited about the idea of abunk bed and the two boys can share their room.

we have 3…not four kids. 2 boys one girl. teh boys can share. little princess gets her eown room. everyting else is perfectly fine.

it is aggravating to see people get bigger hosues for less. soemtiems I wish i had been one of “them” and bought that 750k house in temecula..but i was one of the people that inteiontally only bought what i was comfortable affording..rather than biting off more than i coudl chew..and now it pisses me off to see the idiots who bought 750k houses on income less than mine..get gov’t bailouts to keep their fancy homes. i’m struggling to fit in mine and make my payemtn after some work furloughs..and the ding dongs that just did an option arm and bought 10x what they shoudl ahve, get to stay. it’s not right.

oh well. i can’t complain too much. i always try to look on the bright side. i have a great family, a good job. everyone is healthy. i have a pretty wife. a few nice cars. i’m not rich, but i know people who are doing way worse or have had really hard times or really difficult circumstances land in their lap. one family member recently got cancer…he would gladly trade any house for just his health…. so in the BIG scheme of life…i’ve got it pretty good and i’m really jsut bickering over peripheral things that don’t really mean a lot. it’s nice to have the “perfect’ hosue with every room just how youw ant it, but boy could things be a LOT worse.

i do appreciate all the advice i’ve received here…now and in the past. one thing for sure, the next time i think about a hoem pruchase, i’m coming here and i amgoing to listen to what i hear. there are some very SMART “in the know” people on this site.

[23109VC]

you are SO right about USAA. One of the HUGE reasons why I am VERY reluctant to go the “stop paying” and just try to screw USAA is b/c they are such a good company, and I want to be a loyal customer. Most banks are just pricks…they just want to screw you, they play games with you..I moved ALL my banking and insurance to USAA b/c they have been so good. I am not military, but got into USAA b/c a relative was. USAA is the BEST insurance company I have ever dealth with. they are honest, they bend over backward to be nice to you..and it pains me to think that screwing them might be the best financial route to take.

in an era where most customers have no loyalty to their banks…and I honestly don’t care about any of the other banks I’ve had b/c I KNOW they didn’t care about me… USAA does honestly seem to care. while they aren’t giving me a free lunch on my second…they are VERY good to me on my other policies…and part of me knows that if I have to sswithc my life ins, car ins, etc..I likely will pay at least a couple hundred more a month to get similar quality service..which might just offeset any real gain my dumping the second.

boht my wife and I agree on this.

we will likley just suck up the deal USAA recently offered us to temporarily adjust our second. which saves us another $150/month.

overall, with this final concession, my monthly nut for a 1900 sq ft home in a nice part of Temeecula is about $2500. i’ll have to do the math, but my guess is i save roughly 500/month on taxes by owning vs renting. i’ll update in this thread if I find that my math is way off.

that means I”m paying 2000/month actual costs…which is what it would cost to rent this home. and i don’t have the hassle of worrying that some landlord will stop paying and i’ll be forced to move.

both my wife and I have discussed that very real possibility shoudl we opt to walk and go the route of renting..and neither of us wants to dealt with that. with small kids…moving is even more of a PITA than it already is.

we have some plans to convert half the garage into a playroom. not anyting $$ like walls,flooring. i’m talking about maybe some upgraded storage so anyting unsafe like chemicals and yard tools are out of reach..and then putting in some sof rubber mats and hooking up the spare TV. kids can have all their toys out there…in so cal the garage is never too hot or cold… our oldest boy is actually excited about the idea of abunk bed and the two boys can share their room.

we have 3…not four kids. 2 boys one girl. teh boys can share. little princess gets her eown room. everyting else is perfectly fine.

it is aggravating to see people get bigger hosues for less. soemtiems I wish i had been one of “them” and bought that 750k house in temecula..but i was one of the people that inteiontally only bought what i was comfortable affording..rather than biting off more than i coudl chew..and now it pisses me off to see the idiots who bought 750k houses on income less than mine..get gov’t bailouts to keep their fancy homes. i’m struggling to fit in mine and make my payemtn after some work furloughs..and the ding dongs that just did an option arm and bought 10x what they shoudl ahve, get to stay. it’s not right.

oh well. i can’t complain too much. i always try to look on the bright side. i have a great family, a good job. everyone is healthy. i have a pretty wife. a few nice cars. i’m not rich, but i know people who are doing way worse or have had really hard times or really difficult circumstances land in their lap. one family member recently got cancer…he would gladly trade any house for just his health…. so in the BIG scheme of life…i’ve got it pretty good and i’m really jsut bickering over peripheral things that don’t really mean a lot. it’s nice to have the “perfect’ hosue with every room just how youw ant it, but boy could things be a LOT worse.

i do appreciate all the advice i’ve received here…now and in the past. one thing for sure, the next time i think about a hoem pruchase, i’m coming here and i amgoing to listen to what i hear. there are some very SMART “in the know” people on this site.

[23109VC]

you are SO right about USAA. One of the HUGE reasons why I am VERY reluctant to go the “stop paying” and just try to screw USAA is b/c they are such a good company, and I want to be a loyal customer. Most banks are just pricks…they just want to screw you, they play games with you..I moved ALL my banking and insurance to USAA b/c they have been so good. I am not military, but got into USAA b/c a relative was. USAA is the BEST insurance company I have ever dealth with. they are honest, they bend over backward to be nice to you..and it pains me to think that screwing them might be the best financial route to take.

in an era where most customers have no loyalty to their banks…and I honestly don’t care about any of the other banks I’ve had b/c I KNOW they didn’t care about me… USAA does honestly seem to care. while they aren’t giving me a free lunch on my second…they are VERY good to me on my other policies…and part of me knows that if I have to sswithc my life ins, car ins, etc..I likely will pay at least a couple hundred more a month to get similar quality service..which might just offeset any real gain my dumping the second.

boht my wife and I agree on this.

we will likley just suck up the deal USAA recently offered us to temporarily adjust our second. which saves us another $150/month.

overall, with this final concession, my monthly nut for a 1900 sq ft home in a nice part of Temeecula is about $2500. i’ll have to do the math, but my guess is i save roughly 500/month on taxes by owning vs renting. i’ll update in this thread if I find that my math is way off.

that means I”m paying 2000/month actual costs…which is what it would cost to rent this home. and i don’t have the hassle of worrying that some landlord will stop paying and i’ll be forced to move.

both my wife and I have discussed that very real possibility shoudl we opt to walk and go the route of renting..and neither of us wants to dealt with that. with small kids…moving is even more of a PITA than it already is.

we have some plans to convert half the garage into a playroom. not anyting $$ like walls,flooring. i’m talking about maybe some upgraded storage so anyting unsafe like chemicals and yard tools are out of reach..and then putting in some sof rubber mats and hooking up the spare TV. kids can have all their toys out there…in so cal the garage is never too hot or cold… our oldest boy is actually excited about the idea of abunk bed and the two boys can share their room.

we have 3…not four kids. 2 boys one girl. teh boys can share. little princess gets her eown room. everyting else is perfectly fine.

it is aggravating to see people get bigger hosues for less. soemtiems I wish i had been one of “them” and bought that 750k house in temecula..but i was one of the people that inteiontally only bought what i was comfortable affording..rather than biting off more than i coudl chew..and now it pisses me off to see the idiots who bought 750k houses on income less than mine..get gov’t bailouts to keep their fancy homes. i’m struggling to fit in mine and make my payemtn after some work furloughs..and the ding dongs that just did an option arm and bought 10x what they shoudl ahve, get to stay. it’s not right.

oh well. i can’t complain too much. i always try to look on the bright side. i have a great family, a good job. everyone is healthy. i have a pretty wife. a few nice cars. i’m not rich, but i know people who are doing way worse or have had really hard times or really difficult circumstances land in their lap. one family member recently got cancer…he would gladly trade any house for just his health…. so in the BIG scheme of life…i’ve got it pretty good and i’m really jsut bickering over peripheral things that don’t really mean a lot. it’s nice to have the “perfect’ hosue with every room just how youw ant it, but boy could things be a LOT worse.

i do appreciate all the advice i’ve received here…now and in the past. one thing for sure, the next time i think about a hoem pruchase, i’m coming here and i amgoing to listen to what i hear. there are some very SMART “in the know” people on this site.

[23109VC]

you are SO right about USAA. One of the HUGE reasons why I am VERY reluctant to go the “stop paying” and just try to screw USAA is b/c they are such a good company, and I want to be a loyal customer. Most banks are just pricks…they just want to screw you, they play games with you..I moved ALL my banking and insurance to USAA b/c they have been so good. I am not military, but got into USAA b/c a relative was. USAA is the BEST insurance company I have ever dealth with. they are honest, they bend over backward to be nice to you..and it pains me to think that screwing them might be the best financial route to take.

in an era where most customers have no loyalty to their banks…and I honestly don’t care about any of the other banks I’ve had b/c I KNOW they didn’t care about me… USAA does honestly seem to care. while they aren’t giving me a free lunch on my second…they are VERY good to me on my other policies…and part of me knows that if I have to sswithc my life ins, car ins, etc..I likely will pay at least a couple hundred more a month to get similar quality service..which might just offeset any real gain my dumping the second.

boht my wife and I agree on this.

we will likley just suck up the deal USAA recently offered us to temporarily adjust our second. which saves us another $150/month.

overall, with this final concession, my monthly nut for a 1900 sq ft home in a nice part of Temeecula is about $2500. i’ll have to do the math, but my guess is i save roughly 500/month on taxes by owning vs renting. i’ll update in this thread if I find that my math is way off.

that means I”m paying 2000/month actual costs…which is what it would cost to rent this home. and i don’t have the hassle of worrying that some landlord will stop paying and i’ll be forced to move.

both my wife and I have discussed that very real possibility shoudl we opt to walk and go the route of renting..and neither of us wants to dealt with that. with small kids…moving is even more of a PITA than it already is.

we have some plans to convert half the garage into a playroom. not anyting $$ like walls,flooring. i’m talking about maybe some upgraded storage so anyting unsafe like chemicals and yard tools are out of reach..and then putting in some sof rubber mats and hooking up the spare TV. kids can have all their toys out there…in so cal the garage is never too hot or cold… our oldest boy is actually excited about the idea of abunk bed and the two boys can share their room.

we have 3…not four kids. 2 boys one girl. teh boys can share. little princess gets her eown room. everyting else is perfectly fine.

it is aggravating to see people get bigger hosues for less. soemtiems I wish i had been one of “them” and bought that 750k house in temecula..but i was one of the people that inteiontally only bought what i was comfortable affording..rather than biting off more than i coudl chew..and now it pisses me off to see the idiots who bought 750k houses on income less than mine..get gov’t bailouts to keep their fancy homes. i’m struggling to fit in mine and make my payemtn after some work furloughs..and the ding dongs that just did an option arm and bought 10x what they shoudl ahve, get to stay. it’s not right.

oh well. i can’t complain too much. i always try to look on the bright side. i have a great family, a good job. everyone is healthy. i have a pretty wife. a few nice cars. i’m not rich, but i know people who are doing way worse or have had really hard times or really difficult circumstances land in their lap. one family member recently got cancer…he would gladly trade any house for just his health…. so in the BIG scheme of life…i’ve got it pretty good and i’m really jsut bickering over peripheral things that don’t really mean a lot. it’s nice to have the “perfect’ hosue with every room just how youw ant it, but boy could things be a LOT worse.

i do appreciate all the advice i’ve received here…now and in the past. one thing for sure, the next time i think about a hoem pruchase, i’m coming here and i amgoing to listen to what i hear. there are some very SMART “in the know” people on this site.

[Author]

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