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

[blahblahblah]

Stay in the house! If you can afford it don’t worry about how much cheaper renting would be. Ask yourself how happy you would be if the sheriff shows up to the door to kick you out because your landlord hasn’t been making his payments! That has happened to many renters and it will continue to happen. Your monthly payment after the tax writeoff is not that much more expensive than equivalent rent, and you own the place. Someday it will be paid for. Also, don’t forget all of the costs associated with buying and selling a home. If you sell you’ll be out money and when you buy again you’ll be out money, too. Those realtors gotta make their BMW payments, you know.

As for the house being “too small”, my grandmother raised 4 kids in 1100sf. It’s the family that’s important, not the house.

[j]

What’s the problem? With an income of $120K/year you should be able to afford the payments. If you wanted to pay less you should have waited.

[j]

What’s the problem? With an income of $120K/year you should be able to afford the payments. If you wanted to pay less you should have waited.

[j]

What’s the problem? With an income of $120K/year you should be able to afford the payments. If you wanted to pay less you should have waited.

[j]

What’s the problem? With an income of $120K/year you should be able to afford the payments. If you wanted to pay less you should have waited.

[j]

What’s the problem? With an income of $120K/year you should be able to afford the payments. If you wanted to pay less you should have waited.

[moneymaker]

The grass always seems greener on the other side, or in my case from far away. I was just thinking the other day how someone that just bought 2 blocks away from us, we bought in Feb they bought in Aug of this year got 50% bigger house on a lot more than twice the size of ours(and ours is not small) for $10,000 dollars less, but as the wife said, she likes ours better and that is all that counts.
P.S.-that house is also 10 years older. If I were you I would talk to your significant other and pay more attention to what they say than us here on Piggington.

[moneymaker]

The grass always seems greener on the other side, or in my case from far away. I was just thinking the other day how someone that just bought 2 blocks away from us, we bought in Feb they bought in Aug of this year got 50% bigger house on a lot more than twice the size of ours(and ours is not small) for $10,000 dollars less, but as the wife said, she likes ours better and that is all that counts.
P.S.-that house is also 10 years older. If I were you I would talk to your significant other and pay more attention to what they say than us here on Piggington.

[moneymaker]

The grass always seems greener on the other side, or in my case from far away. I was just thinking the other day how someone that just bought 2 blocks away from us, we bought in Feb they bought in Aug of this year got 50% bigger house on a lot more than twice the size of ours(and ours is not small) for $10,000 dollars less, but as the wife said, she likes ours better and that is all that counts.
P.S.-that house is also 10 years older. If I were you I would talk to your significant other and pay more attention to what they say than us here on Piggington.

[moneymaker]

The grass always seems greener on the other side, or in my case from far away. I was just thinking the other day how someone that just bought 2 blocks away from us, we bought in Feb they bought in Aug of this year got 50% bigger house on a lot more than twice the size of ours(and ours is not small) for $10,000 dollars less, but as the wife said, she likes ours better and that is all that counts.
P.S.-that house is also 10 years older. If I were you I would talk to your significant other and pay more attention to what they say than us here on Piggington.

[moneymaker]

The grass always seems greener on the other side, or in my case from far away. I was just thinking the other day how someone that just bought 2 blocks away from us, we bought in Feb they bought in Aug of this year got 50% bigger house on a lot more than twice the size of ours(and ours is not small) for $10,000 dollars less, but as the wife said, she likes ours better and that is all that counts.
P.S.-that house is also 10 years older. If I were you I would talk to your significant other and pay more attention to what they say than us here on Piggington.

[peterb]

If your credit has been hosed and you can rent for a lot less than your mortage+taxes+insurance+maitenance, etc
Then you may try not paying and see how long it takes for them to boot you out. Or get in touch with the walkaway guys on the Internet.

Ask yourself how long it may take to get back to the price you paid for it? Could that money be put to work in another house/investment that would appreciate a lot more in that same time period? Or at least get you a lot more for you money?

[peterb]

If your credit has been hosed and you can rent for a lot less than your mortage+taxes+insurance+maitenance, etc
Then you may try not paying and see how long it takes for them to boot you out. Or get in touch with the walkaway guys on the Internet.

Ask yourself how long it may take to get back to the price you paid for it? Could that money be put to work in another house/investment that would appreciate a lot more in that same time period? Or at least get you a lot more for you money?

[peterb]

If your credit has been hosed and you can rent for a lot less than your mortage+taxes+insurance+maitenance, etc
Then you may try not paying and see how long it takes for them to boot you out. Or get in touch with the walkaway guys on the Internet.

Ask yourself how long it may take to get back to the price you paid for it? Could that money be put to work in another house/investment that would appreciate a lot more in that same time period? Or at least get you a lot more for you money?

[peterb]

If your credit has been hosed and you can rent for a lot less than your mortage+taxes+insurance+maitenance, etc
Then you may try not paying and see how long it takes for them to boot you out. Or get in touch with the walkaway guys on the Internet.

Ask yourself how long it may take to get back to the price you paid for it? Could that money be put to work in another house/investment that would appreciate a lot more in that same time period? Or at least get you a lot more for you money?

[Author]

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