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Fletch
ParticipantI hope I didn’t just pick the exact wrong time to sell my house.
OK, I am losing a ton of equity. Shame on me for buying in 2005. (I still have some gains elsewhere from a house we had between 2000-2005.)
But I figured if I sell now, my purchasing power will be greater than most in two years because of further price declines and an intact credit score. (And my wife and I make good money.)
I wouldn’t be surprised if this bailout will a) clear the credit stain from those who just walked away from their house, and b)artificially prop up house prices to boot. I hope capman and peterb are right that price/income still has no choice but to correct.
ParticipantI hope I didn’t just pick the exact wrong time to sell my house.
OK, I am losing a ton of equity. Shame on me for buying in 2005. (I still have some gains elsewhere from a house we had between 2000-2005.)
But I figured if I sell now, my purchasing power will be greater than most in two years because of further price declines and an intact credit score. (And my wife and I make good money.)
I wouldn’t be surprised if this bailout will a) clear the credit stain from those who just walked away from their house, and b)artificially prop up house prices to boot. I hope capman and peterb are right that price/income still has no choice but to correct.
ParticipantI hope I didn’t just pick the exact wrong time to sell my house.
OK, I am losing a ton of equity. Shame on me for buying in 2005. (I still have some gains elsewhere from a house we had between 2000-2005.)
But I figured if I sell now, my purchasing power will be greater than most in two years because of further price declines and an intact credit score. (And my wife and I make good money.)
I wouldn’t be surprised if this bailout will a) clear the credit stain from those who just walked away from their house, and b)artificially prop up house prices to boot. I hope capman and peterb are right that price/income still has no choice but to correct.
ParticipantI hope I didn’t just pick the exact wrong time to sell my house.
OK, I am losing a ton of equity. Shame on me for buying in 2005. (I still have some gains elsewhere from a house we had between 2000-2005.)
But I figured if I sell now, my purchasing power will be greater than most in two years because of further price declines and an intact credit score. (And my wife and I make good money.)
I wouldn’t be surprised if this bailout will a) clear the credit stain from those who just walked away from their house, and b)artificially prop up house prices to boot. I hope capman and peterb are right that price/income still has no choice but to correct.
ParticipantJeeman-
You are absolutely right– I should not have called it “breaking even”. I will in fact be losing most my downpayment.ParticipantJeeman-
You are absolutely right– I should not have called it “breaking even”. I will in fact be losing most my downpayment.ParticipantJeeman-
You are absolutely right– I should not have called it “breaking even”. I will in fact be losing most my downpayment.ParticipantJeeman-
You are absolutely right– I should not have called it “breaking even”. I will in fact be losing most my downpayment.ParticipantJeeman-
You are absolutely right– I should not have called it “breaking even”. I will in fact be losing most my downpayment.ParticipantA quick update for the folks who were kind enough to share your thoughts…
We got three offers over the weekend, and accepted one that was over asking and have another as a back up. Financing is solid so hopefully it’ll close on time.
When all is said and done, I’ll be selling for about 17% less than what I bought for… I’ll be walking away with enough to modestly jump start my savings, or more likely, buy a few hundred plastic bottles of Early Times bourbon.
ParticipantA quick update for the folks who were kind enough to share your thoughts…
We got three offers over the weekend, and accepted one that was over asking and have another as a back up. Financing is solid so hopefully it’ll close on time.
When all is said and done, I’ll be selling for about 17% less than what I bought for… I’ll be walking away with enough to modestly jump start my savings, or more likely, buy a few hundred plastic bottles of Early Times bourbon.
ParticipantA quick update for the folks who were kind enough to share your thoughts…
We got three offers over the weekend, and accepted one that was over asking and have another as a back up. Financing is solid so hopefully it’ll close on time.
When all is said and done, I’ll be selling for about 17% less than what I bought for… I’ll be walking away with enough to modestly jump start my savings, or more likely, buy a few hundred plastic bottles of Early Times bourbon.
ParticipantA quick update for the folks who were kind enough to share your thoughts…
We got three offers over the weekend, and accepted one that was over asking and have another as a back up. Financing is solid so hopefully it’ll close on time.
When all is said and done, I’ll be selling for about 17% less than what I bought for… I’ll be walking away with enough to modestly jump start my savings, or more likely, buy a few hundred plastic bottles of Early Times bourbon.
ParticipantA quick update for the folks who were kind enough to share your thoughts…
We got three offers over the weekend, and accepted one that was over asking and have another as a back up. Financing is solid so hopefully it’ll close on time.
When all is said and done, I’ll be selling for about 17% less than what I bought for… I’ll be walking away with enough to modestly jump start my savings, or more likely, buy a few hundred plastic bottles of Early Times bourbon.
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